{"id":1061,"date":"2022-09-09T03:56:13","date_gmt":"2022-09-09T03:56:13","guid":{"rendered":"https:\/\/villages.com.au\/?p=1061"},"modified":"2022-09-21T03:27:42","modified_gmt":"2022-09-21T03:27:42","slug":"what-is-a-dmf-understanding-your-deferred-management-fee","status":"publish","type":"post","link":"https:\/\/blog.villages.com.au\/retirement\/what-is-a-dmf-understanding-your-deferred-management-fee\/","title":{"rendered":"What is a DMF? Understanding your Deferred Management Fee"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1061\" class=\"elementor elementor-1061\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2cbf551 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2cbf551\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e45b769\" data-id=\"e45b769\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e610fd9 elementor-drop-cap-yes elementor-drop-cap-view-stacked elementor-widget elementor-widget-text-editor\" data-id=\"e610fd9\" data-element_type=\"widget\" data-settings=\"{&quot;drop_cap&quot;:&quot;yes&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>T<strong>he DMF \u00ad\u2013 or \u2018deferred management fee\u2019 \u2013 is the exit fee from a retirement village.<\/strong><\/p><p>The DMF is <strong>paid to the village manager<\/strong> when you leave, which is usually when you move into an aged care facility or when you die.<\/p><p>It is<strong> usually paid out of the sale price of the unit<\/strong> and is a source of profit for retirement village operators.<\/p><p>The payment is usually a <strong>percentage of the fee you pay when you move into a retirement village<\/strong> and is agreed to upfront before you move in.<\/p><p>The percentage calculation is based on how long you lived in the retirement village, the services you used, and the amount of your ongoing contribution.<\/p><p>Retirement village operators use DMF funds to<strong> improve or expand village services<\/strong>. The fact that operators have access to the DMF means residents can<strong> pay lower recurrent charges during their stay<\/strong>.<\/p><p>Some retirement village operators offer <strong><a href=\"https:\/\/www.agedcare101.com.au\/the-donaldson-sisters\/considering-move-retirement-village-dont-want-pay-dmf-now-dont\/\" target=\"_blank\" rel=\"noopener\">different types of contracts<\/a><\/strong> which mean you don\u2019t pay a DMF. For example, some operators offer the ability to pay an up-front management fee and receive all of the sale price when the resident leaves. Others offer pay-as-you-go rent, with no ongoing fee or DMF.<\/p><p>The DMF <strong>can sometimes be significant \u2013 up to 35%<\/strong> \u2013 so it\u2019s important to be prepared and check it before you move in.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The DMF \u00ac\u2013 or \u2018deferred management fee\u2019 \u2013 is the exit fee from a retirement village. It is usually paid out of the sale price of the unit and is a source of profit for retirement village operators. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"categories":[70],"tags":[85,84,77],"class_list":["post-1061","post","type-post","status-publish","format-standard","hentry","category-retirement","tag-deferred-management-fee","tag-dmf","tag-financial-advice"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/1061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/comments?post=1061"}],"version-history":[{"count":8,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/1061\/revisions"}],"predecessor-version":[{"id":1312,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/1061\/revisions\/1312"}],"wp:attachment":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/media?parent=1061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/categories?post=1061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/tags?post=1061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}