Maison Retirement

The financial year of the Kelly Pines retirement village is from 01 July to 30 June.

Does the village have a maintenance fund for long-term maintenance?

No, maintenance of the common areas and external areas of the individual units is paid from the recurrent charges collected.

Is a specific proportion of ingoing contributions or departure fees (or both) paid by residents set aside in a capital replacement fund for the purpose of financing depreciation and capital replacement in the village?

No.

Are any ingoing contributions paid by residents held by a trustee?

No.

In the last financial year was money payable by the operator to former residents paid in full and on time?

This is not applicable, as the first departures is currently happening.

Did the audited accounts for the previous financial year contain a statement from the auditor expressing considerable uncertainty regarding the ability of the operator to meet the liabilities of the village as and when they fall due during the financial year immediately following?

No.

Has the operator ever applied to the Residential Tribunal to extend the period of time to pay refunds to former occupants?

No.

According to the audited accounts of the income and expenditure of the village the deficit at the end of the 3 previous financial years/the financial years during which the village has been, in operation was as follows: None