What is a deferred management fee

This can vary, so it’s important to understand what each village provider offers. At a Ryman village, you pay the deferred management fee (or exit fee) when you permanently vacate the village. It is deducted from your occupancy advance (or entry payment) when it is repaid to you.

Many other providers will not repay your occupancy advance (minus the exit fee) until your unit is on-sold, and there is no telling how long that process might take.

You will want an assurance that in the event the on-sale is delayed you will be repaid.

At Ryman, we guarantee that if the new resident has not settled within six months of you permanently vacating your unit, then we will pay you interest on your occupancy advance until it is paid in full.

In over 35 years, the longest time a Ryman resident has waited to be repaid is six months.

It’s not uncommon for residents living in an independent unit to transfer to a serviced unit if their health needs change and they require more support.

But what does that mean for the deferred management fee (exit fee) on the independent unit you’re moving out of?

Many other providers will restart the deferred management fee if you move from an independent unit to a serviced unit. This means they will charge an additional fee when you permanently vacate the village.

At Ryman, your deferred management fee will always remain capped.

Therefore, if you've been living in your independent unit for four years or more and your deferred management fee is 20%, when you transfer to the serviced unit you won’t have to pay an additional deferred management fee.

In fact, if the entry payment of the serviced unit you’re moving into is more than your exit entitlement on the independent unit, we won’t ask you for any more capital than what you’ve already paid. Ryman will cover the difference.

Deferred Management Fee Calculator

This is a simplified calculator to help you understand how much the deferred management fee can vary between village providers. At Ryman you will only ever be charged a deferred management fee once, and our standard fee is capped at 20% after four years for an independent unit. Other providers may differ - including charging an additional deferred management fee when you move into a serviced apartment or care.

To learn more about how the deferred management fee is calculated over time and between different living options, please contact our experienced sales team who can walk you through the process.

Deferred management fee

What is deferred management fee?

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Deferred Management Fee Calculator