Exit fees are also known as Deferred Management Fees (DMF). They vary between communities. One of the biggest drawcards of many lifestyle communities is that they don’t have an exit fee, so you get to keep a larger portion of the sale price on your home. Others have an exit fee that’s capped between 20 and 30 per cent, depending on how long you’ve been living in your home. You should ensure you are aware of a community’s exit fee/DMF before purchasing your home.
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