Retirement Village Conveyancing

Retirement Village Conveyancing

The purchase or sale of a retirement village unit, apartment or care suite often involves life changing circumstances. We are highly experienced with the legal process but are also very mindful of the stresses and emotions that accompany these moves and are here to support our clients at every step.

Legal Guidance for Buyers

Buying into a retirement village is not the same as a typical property transaction. Rather than obtaining a freehold, cross lease or unit title, the purchase is by way of an Occupation Right Agreement (ORA). This will have details of the “purchase” or entry fee and the calculation for how the Village will deduct a percentage under a Deferred Management Fee on exit. The ORA will also identify your ongoing costs for the upkeep of the village facilities and grounds, unit or apartment exterior maintenance, staffing costs, council rates, security, emergency call monitoring, insurance and other items. We will ensure you fully understand your rights and responsibilities within the Village.

Assistance for Sellers

Selling a retirement unit, apartment or care suite can come with its own complexities, especially with specific resale and refurbishment conditions often set by the Village. We assist with understanding your rights and help negotiate the terms for resale, ensuring compliance with all Village policies and relevant legislation.

Working with Families and Executors

Our team also supports families, executors, or beneficiaries involved in the transition or sale of a loved one’s retirement village unit, apartment or care suite. We offer compassionate guidance to ensure all parties understand the legal steps involved, helping reduce stress during what can be an emotional time.

In summary

Whether you are buying or selling a retirement village unit, apartment or care suite, or even considering it, we invite you to contact us. We’re here to provide empathetic assistance through the process and answer any questions along the way, tailored to your and your family’s circumstances.