Buying into a retirement village is not as simple as buying a house. There are different ways of owning or occupying a unit in a retirement village and the financial models will vary between retirement village operators including exit fees that they may charge on leaving the village and sharing in capital gains and losses on sale of the unit. We can help residents understand their rights and obligations when deciding to move from home into a retirement village with the technical expertise to interpret the retirement village legislation in a manner that is easy for clients to understand. We can also assist retirement village operators in complying with obligations in providing accommodation to residents.
We can advise residents and village operators on all aspects of the retirement villages legislation in Queensland, draft and advise on public information documents, draft and advise on resident contracts including leases, licences and loan agreements.