The Deferred Management Fee (DMF) is your contribution to the continued maintenance and management of the village, including your unit and village amenities. The DMF also covers the cost of refurbishing and reselling your home in the village.
Often referred to as a departure fee or exit fee, the DMF is an amount that becomes payable when you permanently vacate your unit.
Your entry payment minus the DMF will be paid back to you when a new resident moves into your unit or within 6 months of you leaving, whichever comes first. This means you can be certain this money will be returned to you or your loved ones as soon as possible.
The DMF is calculated as a percentage of the entry payment. Ryman offers a choice in DMF at either 30% or 25% with the latter option having a higher entry price. Prices vary from village to village, so we recommend you contact our sales team about the price of available apartments or villas in your preferred village.
Your DMF will not increase - even if you transfer to another villa or apartment within the village, or if you transfer to another Ryman village.
It’s not uncommon for residents living in an independent unit to transfer to a serviced apartment if their health needs change and they require more support.
Many providers will restart the DMF if you move from independent living to assisted living in a serviced apartment. At Ryman your DMF remains capped across both.
You won’t pay an additional DMF or an additional entry payment if you transfer from independent living to a serviced apartment. Plus, there are no transfer fees.
When it comes to fees, it's also important for you to seek independent advice.
Moving into a retirement village is a big life decision, so make sure you’re aware of what it means for you and your family. And if, after considering your options, you find that a Ryman village is the right choice for you, welcome, we're sure you'll love it here.
If you would like to know more, please contact us.
Phone: 1800 288 299
Melbourne office:
PO Box 54
Collins Street West, VIC 8007
Registered office (NZ):
+64 3 366 4069
