Lifestyle Communities shares plunge after tribunal ruling
How did your country report this? Share your view in the comments.
Diverging Reports Breakdown
Lifestyle’s exit fees loss puts retirement estates on notice
Budget housing provider Lifestyle Communities has suffered a dramatic setback for its business model. A tribunal ruled the exit fees it has been charging residents do not comply with the law. The case revolved around the situation of 80-odd residents
Read full article ▼
Budget housing provider Lifestyle Communities has suffered a dramatic setback for its business model after a tribunal ruled the exit fees it has been charging residents do not comply with the law.
While the case revolved around the situation of 80-odd residents at two of Lifestyle Communities’ Melbourne estates, the Victorian tribunal ruling will be closely watched by other providers in the sector.
Loading…
Source: Afr.com | View original article