Cost – ORA & Fees

Independent Living – Villas

Occupation Rights Agreement

The Dutch Village Trust owns all the property within the Village.

Residents of the Village receive a contractual Occupational Rights Agreement for the Residential Villa. This license does not grant the resident any interest in the land relating to that Residential Villa.

Individuals moving into the Village purchase an Occupation License for one of the Villas which entitles them to live in that Villa for the remainder of their life.

Occupation Rights Agreement

What happens if I leave a Villa or a Studio?
The Occupational Rights Agreement has two components:

  • A fully refundable portion totaling 70% of the purchase price.
  • A 30% Village contribution.

One-third of the Village contribution amortizes on the commencement date of the license and the remaining two-thirds amortizes over the first three years. Any unamortized amount is refunded.

Villa Prices

Prices are approximate:

  • One-bedroom Villa: $480,000 – $500,00
  • Two-bedroom Villa: $570,000 – $580,000
  • Three-bedroom Villa: $620,000 -$650,000

The Trust Board reviews the costs for each Villa type on an annual basis. As a result, the above fees are subject to change.

Monthly Maintenance Fee

A monthly maintenance fee applies to each Villa which goes toward the running of the Village. This fee covers, among other things, rates, water, exterior maintenance, house insurance, and garden maintenance.
Monthly maintenance fee:

  • One-bedroom Villa / Care Centre Studio – $454 per month
  • Two-bedroom Villa – $464 per month
  • Three-bedroom Villa – $479 per month

The monthly maintenance fee is subject to an annual review by The Dutch Village Trust Board and is increased where necessary to cover any additional costs. Therefore, the above fees are subject to change.

Is there any additional cost?

Individual Villagers are responsible for the costs of Contents Insurance, power and telephone.