Costs & ownership
Peace of mind
Our buying process is designed to give you peace of mind at every step of the way. You can reserve your apartment at Mt Eden Gardens Village for a $1,000 deposit, which is fully refundable if you decide not to proceed.
Once you sign the agreement with your solicitor, there is a 'cooling off period', where you have another 15 working days to change your mind for any reason. Should you cancel within that period, your deposit will be fully refunded along with any net interest it has earned.
If you do decide to proceed, a contract called an 'Occupation Right Agreement' will be prepared and sent to your solicitor, who will advise and make sure that you understand it fully before signing. The type of tenure you will have at Mt Eden Gardens Village is known as an Occupation Right Agreement (ORA) and does not confer any interest in the land.
The purchase of your ORA is always conditional on your solicitor approving the agreement and all associated documentation. We can even make the purchase of your agreement conditional upon you selling your existing home.
No hidden costs
Our weekly fee covers rates, building insurance, gardening, exterior maintenance, 24/7 onsite emergency response service, staff and use of all the village communal facilities and amenities. We make no profit from this weekly fee, and it is subject to change.*
When you decide to leave, and your home has been sold, we will pay you an amount equal to your original entry payment, less a Deferred Management Fee (DMF). This covers the capital costs of the village and facilities, and the refurbishment of your home for the incoming resident. We will also cover any capital loss, so you have absolute certainty over how much you will receive when you leave. There are no exit fees or hidden costs, including any additional marketing, cleaning or selling fees.
Village management structure
Mt Eden Gardens Village has a village manager who is responsible for the day-to-day administration of the village. The manager is your first point of contact for any questions, concerns, or ideas - so pop in to the office any time.
*Please note, this applies only to Mt Eden Gardens Village. For more information about other Arena Living Villages, please visit Costs and Ownership.
For more information, call Vicky Knipe on (09) 630-6303 or 021 194-1859.
Pop in and see us at 467 Mt Eden Rd, Mt Eden, Auckland.