The Te Kauwhata Retirement Trust Board has developed the unique “Own Your Own Housing” scheme as a means of providing independence and security in housing for retired people who are financially able to house themselves. These are detailed futher below. Eastfield and The Knoll are the most recent additions to the “Own Your Own” family.
We own the land on which your Residential Dwelling stands, but in essence, you are treated as if you "own your own home." In return for the freedoms this entails, you will treat your Residential Dwelling accordingly and will bear the responsibilities that this involves.
On termination of your Occupation Licence you will recieve a fair market price for your home (as agreed by you at the time) paid by an approved purchaser.
Most importantly, following construction or purchase, the dwelling is in all respects the property of the owner (as detailed in the Occupation Licence). Accordingly the owner is responsible for maintenance, power and telephone charges, insurance and the maintenance of any garden immediately adjacent to the house. A weekly fee (village outgoings ) is charged by the Trust Board to the resident to cover a share of Waikato District Council and Environment Waikato general rates, lawn cutting, grounds maintenance and green waste colledction, rubbish collection, water supply and street lighting, administration and Retirement Village Act compliance costs. The current village outgoings (weekly fee) as at the 1st October 2016 is $87 per week, payable four-weekly in advance ($348). This charge is reviewed each year by the Trust Board and is held to the minimum possible level.
Simple Trust Board conditions of residency are in place, which are designed to preserve 'open' character to the grounds and to engender an atmosphere of tranquility.