How does the Licensed Agreement for a Villa operate if I wish to leave the Village?
As in all real estate, a Purchaser must be found who wishes “to buy your Villa”, that is pay a New Entry Fee for a New License to occupy your Villa. They must naturally comply with the conditions of this new License. This allows your License to be terminated and your Entry Fee to be repaid in accordance with the terms and conditions of your License. You are free, as is your Executor, to obtain a New Licensed Resident. However part of the service provided by the Village staff employed through the Monthly Service Fee is to provide this service without any additional charge or commission. To assist Residents, a waiting list is routinely available, naturally dependent on the economic circumstances prevailing at the time. You must decide who will obtain the New Licensed Resident. For your information, in the past 20 years all sales have been handled by Village staff. If you decide to utilise the services of Village Management you, or your Executor, must give Management this authority in wri
Related Questions
- Im a licensed MARS or CAP radio operator. How do I obtain the information on modifying my Icom radio to operate on MARS or CAP frequencies?
- What if I wish to temporarily leave the Village, for example vacations or hospital?
- Is a leave and license agreement exempt from registration under any circumstances?
