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An announcement from Lifestyle Communities Ltd ( (AU:LIC) ) is now available.
Lifestyle Communities Ltd has announced that Justice Woodward has issued orders regarding the company’s Residential Site Agreement (RSA) and deferred management fee (DMF) clause. The orders state that the DMF clause is void and unenforceable as it cannot be precisely calculated at the time of entering the RSA. Lifestyle Communities will cease charging fees for services to deceased estates and intends to appeal the decision on the DMF clause. An interim stay allows the company to continue charging the DMF while quarantining these funds until the appeal is resolved. Additionally, the company will release its full-year financial results on 21 August 2025.
The most recent analyst rating on (AU:LIC) stock is a Buy with a A$10.40 price target. To see the full list of analyst forecasts on Lifestyle Communities Ltd stock, see the AU:LIC Stock Forecast page.
More about Lifestyle Communities Ltd
Based in Melbourne, Victoria, Lifestyle Communities® develops, owns, and manages affordable independent living residential land lease communities. The company has thirty-two residential land lease communities under contract, in planning, in development, or under management, serving over 5,500 Victorians.
Average Trading Volume: 612,468
Technical Sentiment Signal: Sell
Current Market Cap: A$559.2M
See more data about LIC stock on TipRanks’ Stock Analysis page.