Frimley Village

Licence to Occupy Villages

Title

Freehold Title

No title – you have a legal right to occupy the house on the land which is owned by the village

How much do you get when your villa is sold when you leave?

You receive all of the sale proceeds of the villa – the only deductions are for legal fees and a fee payable to the developer for assisting with your sale.

You only receive what you paid for your villa – LESS a Deferred Management Fee of 20%-30% of the purchase price (depending on how many years you have been in the village – typically written off at 5% per annum).

Capital gain

No – the village keeps it

Yes – you keep it

Weekly fee

$79

$119

Rates and water

Included in above

What this could mean in reality

Villa is purchased for $450,000

Villa is sold 10 years later for $500,000

You receive $500,000 less legal and sales fees which we have estimated at $16,000.

TOTAL RECEIVED:  $484,000

You receive $450,000 less the DMF of 25% (mid-range) of $112,500. TOTAL RECEIVED:

 $337,500

(or could be as little as $315,000 if the village has a 30% DMF)