Confusing Wording in ORA

A residents ORA states, “The resident will pay all costs incurred by the operator in restoring any damage to the interior of the unit (including the garage doors, plumbing and electrical fittings and fixtures) and keeping the appliances in good order, repair and...

Capital Loss Clauses

Some villages have residents sign up to a capital loss clause – even when they get no share in the capital gain (i.e. if the value of their unit dips, then they must cover the loss plus all other fees). One Otago village has the capital loss clause so well...