The Costs of Retirement Living

To secure a Villa at one of SCC Villages, the resident pays an ongoing contribution based on the villa’s market value. Upon termination of your lease or if you decide to move from the village, your villa will be released to a new resident, and you will benefit from the full market value of the villa at that time.

During the lease and until the resident is repaid the in-going contribution, the resident must continue to pay a contribution towards the village operating cost. This contribution is called a ‘Recurrent Charge’ and is a standard amount that is fixed annually by SCC (WA) to meet the Operating Costs budget.

The cost and inclusions of the Service Fee will change depending on the Retirement Village and individual lease documentation.

Some examples of items covered under the service fee could include but are not limited to:

• All external maintenance of the villas, Community Centre and common grounds
• Access and use of the Community Centre
• Maintenance of common gardens, including lawn mowing and reticulation
• Upkeep of walkways, paths and visitor parking areas
• All building insurances
• Water Corporation rates and water consumption
• Council rates as applicable for not-for-profit organisations
• Village administration and management
• Annual termite inspection to all villas and common buildings
• Annual service to air conditioners, annual smoke alarm checks and servicing of fire equipment
• Security night lighting
• 24/7 emergency call system

The amount payable to the maintenance reserve fund by the outgoing resident after permanently vacating the villa is calculated at 1.25% per annum based on the in-going contribution and calculated on a pro-rata daily basis.