Trust is a charitable entity under the charities Act 2005 and
is incorporated under the Charitable Trusts Act 1957 and began
operating as a retirement village in 1971. Being a charitable
trust means Parkwood does not exist for profit but for the provision
of a quality lifestyle. Any financial surpluses made on its operations
are applied towards improvements to facilities for the convenience
and support of residents. The Board of Management includes professionals
with a wide range of experience and two representatives elected
by residents, all making their services available to the Trust
on a voluntary basis.
complex, which is a member of the Retirement Villages Association
of New Zealand Inc., comprises 209 villas (houses) which vary
greatly in their design, giving an added appeal to the village.
are issued with their own Licence to Occupy when they move into
Parkwood. This is the most common form of ownership in retirement
villages in New Zealand and gives the resident the right to occupy
for life and the use of all community facilities. When residents
purchase a Licence to Occupy their villa, the price includes a
once only contribution of $15,000 entitling them to enjoy all
the community facilities. Residents have preferential access to
Parkwood Lodge, the Trust's Stage 2 rest
home and geriatric hospital, which is situated in the heart of
the village. When residents leave Parkwood they receive 85% of
the Licence's current market value, with proceeds paid on settlement.
The remaining 15% is retained by the Trust for the further development
of the village and its facilities. No legal fees or selling costs
are charged in respect of either the purchase or the sale of Licences.
pay for the interior upkeep of their villas, insurance, power,
and telephone. They also pay a minimal monthly fee, which covers
local body rates, maintenance of all community facilities, lawn
mowing, village grounds maintenance, courtesy bus, and 24-hour
on-call home support. The Trust employs a team of gardeners and
worried by garden and house maintenance, residents are able to
enjoy their families, retain their outside interests and participate,
should they so desire, in any of the many village activities of
their choice, yet live in a beautiful, fully maintained environment.
families are very welcome.
have their own Association, which elects an executive committee
active committee meets monthly with the Trust's General Manager.
It publishes a monthly newsletter of upcoming daily events, social
activities, entertainment and items of general interest to residents.