Land leases are an arrangement where you own your own home but lease the land the home is built on. All site agreements are regulated by the Residential (Land Lease) Communities Act 2013.
No. The purchase of the home within a land lease community is exempt from stamp duty.
Yes. You retain 100% of the capital gain, less resort or agent’s sale commissions.
(i.e – No deferred management fees)
No. The operator (or a related entity) owns the land (which you lease) and you own the home.
No. You cannot mortgage or otherwise offer security over your site. You are free to offer other forms of security if you require financial assistance for the purchase of your home.
No. Your site agreement states that you must not lodge a caveat against the title of your site.
No. Only the persons listed on the site agreement can reside in your home.
Yes. During the term of your site agreement, you can sell your home provided the operator consents to the sale and enters into a new site agreement with the purchaser of your home. The operator must act reasonably in this regard.
Your home will form part of your estate assets (or the estate assets of the last surviving homeowner). Your beneficiaries can either reside in the community, if they meet the criteria, or sell your home.
As your site agreement is a lease, you do not have to pay land-based costs such as council rates, water rates, strata or body corporate fees and land tax.
Your site fee includes your use of the land on which your home sits,
maintenance of roads in the community, communal gardens and provision of resort activities/facilities.
Separate to your site fees, you will need to pay for home insurances and utility charges including gas, water, electricity, sewerage and telecommunications.
Note: the homes will be fitted with a solar panel system, helping to reduce your electrical bills.
In the event that Tallowood is purchased by another organization, your site agreement will be assigned to the new owner who will be bound by its terms and the Residential Land Lease Communities Act 2013 honoring all existing agreements.
Yes, our community rules have been carefully formulated and will be enforced by management to ensure all residents enjoy a safe, peaceful and harmonious lifestyle.
No. Plenty of residents are still working when they move to a land lease community.
An onsite manager will be at Tallowood from the occupation of the first home and will be available to meet with residents by appointment.
The operator maintains the community areas and street scapes. All landscaping on individual lots has been carefully themed and considered with each lot owner being responsible for maintenance within the fenced lot. Alterations to the landscaping theme are only permitted with the approval of management to ensure consistency.
Yes. Visitors are permitted to stay for up to a maximum of 30 days without the need to obtain consent from the operator. If your visitors stay in the resort longer than 30 days, a fee of $100 per fortnight is payable to the operator.
Yes. A maximum of 2 pets per home is allowed. The keeping of pets is subject to further rules and responsibilities of the owner. Please refer to section 7 of the Community Rules.
All vehicles belonging to residents or visitors must be parked in or on the driveway of the individual site. At no time are vehicles to be parked on or encroach upon community roads. Designated visitor car spaces are also available for your visitors to use.
Yes. There are designated open and under-cover caravan and boat parking spaces available for long and short-term rental (fees apply).
Each resident will have an individual letterbox at the front of their home.
Yes. The operator encourages residents to form a committee once stage 1 is occupied.
Valley Homes Pty Ltd has been appointed to construct Stage 1.
Yes. All homes come with a six-year structural and two-year non-structural warranty. If you purchase a pre-loved home at Tallowood, the remaining warranties are transferred to you.
Yes. All the homes at Tallowood are single storey and built on a concrete slab.
You must not attach any fixtures or make any renovations, repairs or alterations to the exterior of your home or site without the prior written consent of the operator. You must also comply with any applicable Council requirements and building laws.
Alfresco areas can be enclosed under the existing roofline subject to the approval of the operator and all materials complying with Council and other statutory requirements.
Garden sheds can be added to the rear of the lot and must not exceed a maximum floor area of 5 square meters, a maximum height of 1.8 meters and be the same color of the fences it adjoins.
Yes. Tallowood’s Clubhouse will be wheelchair accessible. Most homes can be modified to comply with disability access requirements.