Moving into a retirement village can be an emotional time. Before you move in you should make sure to understand what the Retirement Village of your choice offers in terms of services and facilities and whether they are up to your expectations.

Unless you opt to enter into a residential tenancy agreement under the residential tenancy laws, you will be given a standard Retirement Village Contract setting out the resident’s and the operator’s rights and obligations. You have 14 days to peruse the Contract and negotiate with the Village the terms of the Contract.

Before you decide to move into a Retirement Village you should know who is responsible for paying for repairs and maintenance because these can be a considerable expense. It will also help to know what the distribution of Capital Gains taxes between you and the Retirement Village will be when you decide to sell.

When we look at the Contract we will advise you on the services and facilities offered by the Village as well as the costs associated with them.

At Turramurra Lawyers & Conveyancers, we have helped clients understand their rights and obligations under Retirement Village Contracts and have helped negotiate terms that were more in line with our clients expectations.

Disclaimer: The contents of this article is intended as a general guide only. It is not intended to be legal advice. Should you have any queries about your particular circumstances, please contact Turramurra Lawyers & Conveyancers for further information.