US EditionIngenia Communities and Adele Ferguson on VCAT's Lifestyle Communities DMF stay
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Ingenia Communities and Adele Ferguson on VCAT's Lifestyle Communities DMF stay
In an update to the ASX, the business with a $2.11 billion market capitlisation, said it has "limited exposure" to contracts which include a Deferred Management Fee (DMF). Last week, VCAT President Justice Tim Woodward ruled the DMF contract issued to Lifestyle Communities was void because they were calculated in a way that benefitted the operator if home values increased but did not penalise it if values declined. Ingenia said the value of DMFs…
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