What is a Maintenance Charge?

A maintenance charge is a fee that retirement village residents pay to cover the cost of maintaining and managing the village and its facilities. The maintenance charge is typically set at a fixed rate and is payable on a regular basis, such as monthly or quarterly.

The maintenance charge can cover a range of services and expenses, including landscaping and gardening, repairs and maintenance of buildings and facilities, security, and general upkeep of the retirement village. The charge may also cover the cost of certain amenities and services, such as communal spaces, social activities, and health and wellness programs.

The amount of the maintenance charge can vary depending on the retirement village and the services and amenities that are provided. Some villages may charge a higher maintenance fee to cover the cost of more extensive services and amenities, while others may charge a lower fee for more basic services.

Overall, the maintenance charge is an important part of retirement village living, as it ensures that the village is well-maintained and that residents have access to a range of amenities and services. It is important for residents to understand the details of the maintenance charge and what it covers, as well as any additional fees or charges that may be associated with retirement village living.

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