As with any leasehold property, Owners must pay ground rent and a monthly service charge, which includes all exterior maintenance, redecoration and upkeep of communal areas (hallways, lifts, stairs, paths, driveways etc).
The monthly service charge includes many things you would have to pay for anyway: heating in your own apartment (on selected developments), water and sewerage charges, buildings insurance and extras like window cleaning and garden maintenance.
It also includes many of the things you would expect to pay extra for: the services of the Lodge Manager, 24 hour Careline Monitoring, the furnishing, heating and cleaning of the Owners' Lounge and more.
Unlike other developers, Churchill Retirement Living does not charge a transfer (exit) fee if you sell or sublet your property. On resale there is a 1% fee of the gross sale price, or open market value if subletting, payable by way of contribution to the Contingency Fund, which is held on behalf of Owners towards longer term repair and replacement costs.
At any Churchill Retirement Living development our Sales Executive will be happy to explain the specific charges for that development and answer any questions you may have.