Buying Into A Retirement Village
Purchasing a new home within a retirement village differs from buying a residential house. Villages can differ significantly in their accommodation offerings, legal and financial setup, and management style. In some cases, you might acquire a license to occupy a specific apartment, while in others, you may own the apartment but have to resell it to the village upon passing away.
Seeking legal advice is not only beneficial for you but also a legal requirement under the Retirement Villages Act. We have the experience and knowledge to help guide our clients through the process of entering retirement villages, making sure all the benefits and challenges associated with such a choice are understood completely.
With numerous village choices and decisions to consider, especially regarding personal and financial matters, having all the necessary information is crucial to making the right decision. Read more about the considerations when buying into a retirement village with our blog.
If you're prepared to take the next step, reach out to our office to schedule a meeting with our team.