Key Form | RVResidents

Best Practice and Key Terms Questions for scoring:

The following questions and answers help others understand how a villages, or operators terms compare to the RVRANZ's Best Practice Guidelines and where that village/operator ranks nationally compared to others. Simply start to type the name of the village and if that village has already been answered, you will see the answers appear. You may update these with a date that the new terms apply from and an updated copy will be saved.

NOTE: Any contact details supplied are for internal verification purposes only. They will not be shared or displayed.

How many months from when the resident exits does the weekly fee fully stop?

Fees reduce to 50% after 6 months but continue until unit is relicenced.
Fees stop within 6 months of exit
Fees stop within 3 months of exit
Fees stop within 1 month of exit
Fees stop on exit

What is the total / max Deferred Management Fee % that you will pay on the sale of your unit (including any mkting or admin fees)?

31%+
26-30%
21-25%
11-20%
10% or less

How many years is the DMF calculated over?

0-2 years
2.1 - 3 years
3.1 - 4 years
4.1 - 5 years
5.1+ years

Does the resident share in any Capital GAIN?

No
Yes, upto 10%
Yes, 11 - 25%
Yes, 26 - 50%
Yes, over 50%

Can the weekly fees paid by the resident be increased by the operator

Yes, fee can be increased annually at operators discretion.
Yes, but it is limited to Super Ann. increase
Yes, but it is limited to the national CPI increase
No. Fees fixed for life.

When does the exiting resident receive their funds back (if NOT sharing in capital gain)?

Only on relicence of the unit to the incoming resident
Within 6 months or on relicence of unit, whichever is first.
Within 3 months or on relicence of unit, whichever is first.
Within 28 days or on relicence of unit, whichever is first.

If funds are NOT returned within 28 days - does the operator offer compensation, interest or partial payment

No
Yes, Interest after 6 months
Cash Payout of $20,000+
Combination of Interest and Payout

Does the resident have to pay additional DMF or fees if transferring to another unit at the village?

Yes
No

Questionnaire

Thank you for submitting the answers for:

Village Name

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Best Practice and Key Terms Questions for scoring:

How many months from when the resident exits does the weekly fee fully stop?

What is the total / max Deferred Management Fee % that you will pay on the sale of your unit (including any mkting or admin fees)?

How many years is the DMF calculated over?

What is the minimum age of entry?

Does the resident share in any Capital GAIN?

Is the resident exposed to any Capital LOSS?

Can the weekly fees paid by the resident be increased by the operator

When does the exiting resident receive their funds back (if NOT sharing in capital gain)?

If funds are NOT returned within 28 days - does the operator offer compensation, interest or partial payment

Is the resident required to contribute to refurbishment of the unit on exit?

Does the resident have priority over non-residents to transfer to another unit at the village?

Does the resident have to pay additional DMF or fees if transferring to another unit at the village?