How much will be refunded when I leave my villa or apartment?
When your villa or apartment is vacated, a new incoming resident can be offered the Occupation Right Agreement. Once the new resident has paid their Occupation Licence Payment you, or heirs to your estate, will receive a refund. The amount we refund is called the Net Refundable Amount.
Here’s an example to demonstrate how the Net Refundable Amount would be calculated for a villa priced at $300,000:
Capital amount of the Occupation Right Agreement: $300,000
3 year Deferred Management Fee 30%: $90,000
Total paid to resident on exit: $210,000
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Whether you want to speak to someone on the phone or prefer to send an email, we’re here to help guide you through any queries or questions you may have about moving into an Oceania Village.