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Daily Accommodation Payment (DAP) Agreement

A DAP is the rent-style alternative to a RAD — instead of a lump sum, you pay a daily fee calculated by applying the MPIR to the room price. Useful if you do not want to sell the family home or tie up capital. You can switch from DAP to RAD at any time.

Official source

myagedcare.gov.au

Related topics

dap · daily accommodation payment · mpir · rent style · accommodation agreement · aged care accommodation · aged care fees · residential aged care · aged care payment options · aged care costs · aged care home fees · retirement village fees · aged care financing · aged care · my aged care

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