Lifestyle Communities shares plunge after tribunal ruling

Lifestyle Communities shares plunge after tribunal ruling

Following a judgment that found its lucrative exit fees were invalid, the listed property developer’s stock tumbled.

Lifestyle Communities to appeal VCAT's DMF ruling & amend new homeowner contracts

The ASX-listed land lease community operator will appeal a Victorian tribunal ruling that struck down its Deferred Management Fee (DMF) clause – and seek a stay on the orders while the process plays out. The VCAT decision, handed down on Monday (7 July) by Justice Ted Woodward, found that while the state's Residential Tenancies Act 1997 does not prohibit DMFs, the DMF clause in Lifestyle Communities' contracts was void due to the lack of disclos…

Down 80% from its peak, is this ASX All Ords real estate stock too cheap to ignore?

Value investors are constantly on the lookout for ASX All Ords bargains.  Lifestyle Communities Ltd  (ASX: LIC) has been through a challenging past 12 months.  The ASX All Ords real estate stock is down 62% over the past year.  From its 2021 peak, the picture is even worse, with the stock down more than 80% since then.  Today, The Motley Fool's James Mickleboro reported that the stock had fallen more than 40% after it was dealt a major legal blo…