For example, if the maximum DMF for the current home percentage is 35% and on the exit entitlement date of the current home residence agreement, a 35% DMF is payable, then under the terms of the new home's residence agreement a 10% DMF on the new home's entry payment will apply or reached the maximum DMF on their current home's residence agreement, then a 10% DMF cap will apply to the new home residence agreement. A Resident will receive a discount on the Deferred Management Fee/Exit Fee/Departure Fee (DMF). The statutory cooling-off, disclosure, and any settling-in periods will remain.ĭ.
Any contractual cooling-off, money back guarantees or additional disclosure periods under the Later or Freedom contract will be removed. This agreement will include a 6-month buyback provision.Ĭ. Other Aveo contract options are not available under this Offer.ī. A Resident must select a ‘Later’ contract for a serviced apartment located in a leasehold or licence Aveo Community, and a Freedom contract for an apartment located in an Aveo Freedom Community. All other rights and obligations in respect to the Resident’s current residence agreement remain unchanged.Ī. The exit entitlement will be paid (or transferred as payment of the entry payment of the new home) on the exit entitlement date as defined in the Resident’s current residence agreement.Ĭ.
Please see further details in item 4(d) in respect to the deferred management fee under your New Home contract.ī.
The deferred management fee and general service charges or service fees (also known as recurrent charges in some states) on the Resident's current home will cease being calculated and charged by Aveo in respect of periods after the date the Resident provides vacant possession of their current home and precondition 2(a)(ii) above has been met. the relevant statutory disclosure and cooling-off periods have expired, the Resident has sought any legal and financial advice they wish to and signed and returned the resident contract and any personal service agreements in respect of their proposed SA or FA.Ī. the Resident undertakes and passes a care needs assessment or the applicable screening application with the Community Manager as part of the new home application and the Resident appoints and continues to appoint Aveo’s related real estate agent to sell the right to reside in the unit the Resident has agreed to the resale price and scope of work to be undertaken on their current unit Aveo has agreed to the transfer and confirmed that the new home selected is available and eligible, in its absolute discretion Relevant residents are able to choose from their contractual benefits or this Offer. Some Eligible Residents’ residence agreements may already have conditions that allow them to transfer within Aveo communities. Certain apartments within this category may be ineligible. The Offer only allows transfers to a SA or FA owned by Aveo that does not have a vacating resident. The Offer is available for Eligible Residents until 31 December 2023.į. An Eligible Resident who does not meet the criteria in 1(b) above and wishes to transfer, will be considered by Aveo on a case-by-case basis and not necessarily on the same terms as the Offer.Į. For avoidance of doubt, this Offer specifically excludes an Aveo resident moving from an:ĭ. an ILU/ILA to transfer to a SA or Freedom Apartment (FA) orĬ. This Offer allows an Eligible Resident that resides in: The Move with Ease offer (Offer) is open to eligible Aveo residents who reside in an Independent Living Unit (ILU) or Independent Living Apartments (ILA) or Serviced Apartment (SA) and who wish to move within the Aveo leasehold and licence portfolio due to a desire for more assistance in their daily living activities (Eligible Resident).ī.
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