LEVIES

The costs associated with the management of Caister Lodge are funded through levies. The basic levy is calculated according to the number of shares per unit. The monthly levy covers the costs of operating the retirement complex and includes the following:

• Municipal rates
• External maintenance of all the units, common facilities including the care centre
• Garden services
• Insurance of all buildings
• 24-hour security
• Water
• Electricity
• Management and staff
• Operational costs
• Catering costs
• Clinic costs
• Laundry services
• General cleaning

Owners are responsible for maintaining the interior of their units and insurance on household contents. Great care is taken to minimise levies without compromising the quality of any services. The standard of services has a direct impact on the reputation of the Retirement Complex and the re-sale value of the units.