What is a DMF? Understanding your Deferred Management Fee
The DMF ¬– or ‘deferred management fee’ – is the exit fee from a retirement village. It is usually paid out of the sale price of the unit and is a source of profit for retirement village operators.
Is your will complete, legal and up to date?
Did you know that roughly 45% of Australians die without a legal will? On top of this, 90% of Aussies have never told anyone their end-of-life wishes.
Talk to your kids about your contract
Our friends at the NSW Retirement Village Residents Association (RVRA) explain the importance of communicating with family about your retirement village contract. Most of us living in retirement villages are looking for a peaceful environment in a nice home or villa surrounded by like-minded people…