Summerset raises deferred management fees to 30% for new residents
Retirement village operator Summerset has increased deferred management fees from 25% to 30% for new residents, citing higher costs and greater resident expectations.
Summerset has raised the deferred management fees charged to new residents from 25% to 30%. The company says the increase reflects higher costs and greater expectations from residents. Deferred management fees are charged when residents leave retirement villages.
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NZ Herald
Summerset raises deferred management fees from 25% to 30% for new residents
Company says move reflects higher costs and greater expectations from residents.