Lifestyle Communities Ltd
LIC: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|X^XhFwz | LOCK|K&< | LOCK|NK#!&g? |
Lifestyle Communities: Surprise VCAT Ruling Potentially Catastrophic for Existing Contracts
The Victorian Civil and Administrative Tribunal has ruled that the exit fee clause in Lifestyle Communities' contracts is void due to the precise fee being unclear. Exit fees are a portion of house sale fees, including capital gains. Lifestyle intends to appeal the decision.
