Retirement Village Conveyancing
Retirement should be a stress-free period of your life. Buying into a retirement village is quite different from buying a typical residential home. The transaction can be complicated, especially at a time when you may be feeling vulnerable, indecisive, and uncertain about your future.
Before finalising any agreements with the retirement village, it’s critical to speak with a experienced retirement village contract lawyer so you understand the documents you are signing and what your rights and obligations are.
Owning a Retirement Home
There are several ways of owning a retirement unit in a retirement home. The most common forms are:
- Lease a unit in the retirement village under a long-term lease; or
- Buy the freehold title to a unit in the retirement village; or
- Hold a licence to occupy a unit in the retirement village.
Before signing any retirement village contract, you should consider the following, to name a few:
- What are the entry fees into the retirement village?
- What services will be provided, and at what cost?
- Can I bring my pet?
- Can I decorate my unit to my taste?
- Will I have my own garden to tend?
- Is there a high care facility at the retirement village?
- Will there be refurbishment and capital replacement costs?
- What are the exit fees of the retirement village?
- How would I move out of the retirement village if I needed higher care?
When you decide to move into a retirement village, you will be provided with a public information document detailing your rights and obligations as a resident of your selected retirement village and the operators of the retirement village.
Our experienced property Lawyer will meet with you, explain the process and handle your file personally throughout the process. Our services include:
- Advice regarding the Public Information Document;
- Acting on your behalf to buy or sell a retirement village unit; and
- Conveyancing services for the sale of your home.