Disclosure for intending residents reduces the risk of future litigation if residents become dissatisfied. These need to be made openly available for intending residents and can be promoted in a positive context to facilitate comparison between villages.
There is no national uniformity on requirements, though the following documents under the New South Wales Act provide good information:
- Site plan with location, condition report, floor plans and dimensions
- Audited Village accounts for the last three financial years
- Examples of villages contracts
- Trust deed for any trust fund monies
- Village rules
- Terms of development consent
- Statements of fund balances for capital replacement or maintenance funds if established
- Fee calculation method for departure or termination
- Explanation of how termination can occur
- Calculation method for recurrent charges
