Exit entitlements

An exit entitlement is a part refund of the ingoing contribution you paid when you moved in. 

Before signing a residence contract, you should have been given a disclosure statement (Form 1 or 1A). This will include:

• how the exit entitlement payment is calculated
• when you will be paid your exit entitlement
• whether you need to pay any refurbishment/renovation costs
• any other fees payable to the village operator.

Your right to an exit entitlement will usually depend upon your unit being leased or sold, which could take some time.  Some residence contracts will ensure that your exit entitlement is returned with a specified period of time, for example 90 days.