Contract Options
(FULL DETAILS)

Access important documentation and review contracts for your prospective retirement property purchase at Jeta Gardens.

Contract Options

There are a number of financial options available which will be offered at the scheme operator’s sole discretion. Whether a new resident pays an exit fee depends on the financial option in their Residence Contract.

Subject to availability, residents may choose one of the following financial options:

Financial option/model	Ingoing Contribution	Exit Fee	Exit Fee method	Capital Gain or Loss	Exit Model Calculation
Participating Contract	Ingoing contribution based on the advertised price for the accommodation unit.	Year 1 – 5% Year 2 – 10% Year 3 – 15% Year 4 – 20% Year 5 – 25% Year 6 – 30% Year 7 – 35%	Based on the Ingoing Contribution, up to a maximum amount of 35% if you reside in the village for 7 or more years	50% capital gain 50% capital loss	The exit entitlement is equal to your ingoing contribution: the Exit Fee 50% of the amount of any Capital Gain (if any) 50% of the amount of any Capital Loss (if any) the cost (if any) of reinstatement work your share of any renovation costs (if any) any accrued or outstanding General Services Charges, Personal Services Charges and Maintenance Reserve Fund Contributions any Administration costs incurred by the scheme operator in relation to the termination of the residence contract any other amount payable by the resident pursuant to the residence contract or the Retirement Villages Act 1999 (Qld)
Assured Contract	Ingoing contribution based on the advertised price for the accommodation unit (the Scheme operator may, in its, sole discretion and subject to the agreement of the parties, accept a lesser amount as the Ingoing Contribution).	Year 1 – 5% Year 2 – 10% Year 3 – 15% Year 4 – 20% Year 5 – 25% Year 6 – 30%	Based on the Ingoing Contribution, up to a maximum amount of 30% if you reside in the village for 5 or more years.	0% capital gain and loss	The exit entitlement is equal to your ingoing contribution: the Exit Fee the cost (if any) of reinstatement work any accrued or outstanding General Services Charges, Personal Services Charges and Maintenance Reserve Fund Contributions any Administration costs incurred by the scheme operator in relation to the termination of the residence contract any other amount payable by the resident pursuant to the residence contract or the Retirement Villages Act 1999 (Qld)
Reduced Contract	Ingoing contribution discounted on the advertised price for the accommodation unit (the Scheme operator may, in its, sole discretion and subject to the agreement of the parties, accept a lesser amount as the Ingoing Contribution) and the DMF increased.	Year 1 – 8% Year 2 – 16% Year 3 – 24% Year 4 – 32% Year 5 – 40%	Based on the Ingoing Contribution, up to a maximum amount of 40% if you reside in the village for 5 or more years.	0% capital gain and loss	The exit entitlement is equal to your ingoing contribution: the Exit Fee the cost (if any) of reinstatement work any accrued or outstanding General Services Charges, Personal Services Charges and Maintenance Reserve Fund Contributions any Administration costs incurred by the scheme operator in relation to the termination of the residence contract any other amount payable by the resident pursuant to the residence contract or the Retirement Villages Act 1999 (Qld)
Prepaid Contract	Ingoing contribution which is comprised of: a non-refundable Contract Premium at 25% of the advertised price; and a loan amount that is refundable to you when you leave, subject to any amounts that may be deducted under the residence contract.	N/A	You are not required to pay an Exit Fee on termination. The fee payable by you is incorporated in the amount of your ingoing contribution.	100% capital gain 100% capital loss	The exit entitlement is equal to your ingoing contribution: 100% of the amount of any Capital Gain (if any) 100% of the amount of any Capital Loss (if any) the cost (if any) of reinstatement work your share of any renovation costs (if any) any accrued or outstanding General Services Charges, Personal Services Charges and Maintenance Reserve Fund Contributions any Administration costs incurred by the scheme operator in relation to the termination of the residence contract any other amount payable by the resident pursuant to the residence contract or the Retirement Villages Act 1999 (Qld)
Pay as you Go	Contract Ingoing contribution which is comprised of: a bond amount being 2 weeks rent which is repayable to you when you leave, subject to any amounts that may be deducted under the Residence Contract; and an ingoing contribution that is payable in weekly instalments (Ongoing Weekly Instalment Amount)	N/A	You are not required to pay an Exit Fee on termination. The fee payable by you is incorporated in the amount of your ingoing contribution.	0% capital gain and loss	The exit entitlement is equal to the bond portion of your ingoing contribution plus any Ongoing Weekly Instalment Amounts s that you have prepaid in advance for any period after your permanent departure: any Ongoing Weekly Instalment Amounts owing to us for your period of occupation the cost (if any) of reinstatement work any accrued or outstanding General Services Charges, Personal Services Charges and Maintenance Reserve Fund Contributions any Administration costs incurred by the scheme operator in relation to the termination of the residence contract any other amount payable by the resident pursuant to the residence contract or the Retirement Villages Act 1999 (Qld) If the deductions exceed the amount of the bond and any prepaid Ongoing Weekly Instalment Amounts you must pay us any additional amounts owing within 14 days of us notifying you of the outstanding amount.

Notes

The Scheme operator reserves the right at any time to vary the financial options available to new residents of the village.

The total ingoing contribution paid under a Pay As You Go is made up of a Bond Amount (which is refundable on exit) and an Ongoing Weekly Instalment Amount (rent) which represents an ongoing instalment contribution to the ingoing contribution.

The Bond Amount is not a bond for the purposes of the Residential Tenancies and Rooming Accommodation Act 2008 (Qld).

Capital Gain has the same meaning as the ‘Capital Gain’ in the sublease i.e. the amount by which the ingoing contribution paid by a New Resident exceeds the ingoing contribution paid by the Resident under this Lease.

Capital Loss has the same meaning as the ‘Capital Loss’ in the sublease i.e. the amount by which the ingoing contribution exceeds the ingoing contribution paid by a New Resident.

Translate to

Contract Options
(FULL DETAILS)