WHAT IS AN “OWN YOUR OWN” VILLAGE?
Roseland Park is operated as an ‘Own your Own’ village. This means that the residents themselves own the village with assistance from the Village Manager and Karaka Pines Villages (KPV) who provide administrative support. Each year elections are held among residents for six places on the Residents Committee and three places on the Board of Directors. This ensures that the input in the running of the village comes from the residents themselves, and not an anonymous company looking to gain maximum profit.
When the time comes to sell, the resident benefits from the capital gain, with just a small amount going back to the village operations to cover expenses and administration (4% of the sale price).
Ownership is via a ‘Licence to Occupy’ which is the common method used in retirement villages. This ensures homes are occupied by residents who will enjoy life in the village and also prevents units being used as rental properties.
Making the choice to move to Roseland Park Village is a lifestyle choice. Roseland Park brings you all the benefits of living in a thriving community while retaining all the rewards of owning your own home.
WHAT IS AN “OWN YOUR OWN” VILLAGE?
Roseland Park is operated as an ‘Own your Own’ village. This means that the residents themselves own the village with assistance from the Village Manager and Karaka Pines Villages (KPV) who provide administrative support. Each year elections are held among residents for six places on the Residents Committee and three places on the Board of Directors. This ensures that the input in the running of the village comes from the residents themselves, and not an anonymous company looking to gain maximum profit.
When the time comes to sell, the resident benefits from the capital gain, with just a small amount going back to the village operations to cover expenses and administration (4% of the sale price).
Ownership is via a ‘Licence to Occupy’ which is the common method used in retirement villages. This ensures that the occupancy of units is by people who are suitable for the village and homes are not used as rental properties.
Making the choice to move to Roseland Park Village is a lifestyle choice. Roseland Park brings you all the benefits of living in a thriving community while retaining all the rewards of owning your own home.
AT ROSELAND PARK, YOU HAVE THE UNIQUE OPPORTUNITY TO OWN A SHARE IN THE VILLAGE