A Departure Fee is charged by Village Administration. This Departure Fee is retained from the Incoming Contribution and is calculated as follows:
- 5% for the first year of residency, or part thereof
- 5% pa for the next five years calculated on a daily basis
- Plus any unscheduled maintenance or repair costs necessary on your exit
- Plus any other amounts owing such as recurrent charges
Capital Gain
The outgoing resident will receive 30% of any capital gain when the unit is sold.