What is the purpose of having a separate Chattels Fee?
In the first instance, it allows a resident to choose from a variety of internal finishes such as the colour, quality and value of the carpet and drapes, and the type and value of the stove and hot plate. Residents may choose, either prior to taking up residence, or later during their stay at the Village Glen, to install air conditioning, sun blinds, garage door remote control, security doors or they may recarpet or redrape their Villa. This allows in the sales procedure of either an Apartment or a Villa for the chattels to be offered independently to a prospective purchaser at a mutually agreed value. This amount without any deduction is paid to the Licensed Resident at settlement.
