Retirement village contract reviews
Moving to a retirement village is a significant personal and financial decision. It often involves selling or leaving the family home, comparing different living arrangements and signing a detailed, long-term residence contract.
Andersons Solicitors can review your retirement village contract and explain its terms in plain English before you sign. We help you understand your rights and obligations, identify matters to raise with the village operator and make a more informed decision
about whether to proceed.
How we can help with retirement village agreements
Our lawyers can assist with:
- Reviewing residence contracts and disclosure documents
- Explaining ingoing contributions, recurrent charges, exit fees and other financial obligations
- Clarifying refurbishment, reinstatement and remarketing provisions
- Explaining cooling-off and settling-in rights
- Advising on exit entitlements and what happens when you leave
- Identifying terms, promises or statements that should be clarified in writing
- Advising existing residents about disputes with village operators
Residential and lifestyle parks
Some communities marketed as lifestyle villages are legally residential parks rather than retirement villages. Different agreements, rights and obligations may apply. We can review the documents and explain which legal framework applies to your proposed arrangement.
Residential aged care agreements
We can also explain the contract terms and financial obligations contained in residential aged care agreements, including accommodation arrangements and decision-making authority.
Fees and contributions for government-funded aged care may depend on individual financial circumstances. Advice about means testing and financial planning strategies should be obtained from a suitably qualified aged care financial adviser.
Before you sign
Retirement village and aged-care agreements can have long-term consequences.
Getting advice before signing gives you an opportunity to understand the arrangement, ask informed questions and address concerns while you still have options.
Before you sign a retirement village or residential-living agreement, contact Andersons Solicitors to arrange a review.
If you need help, contact us today on 8238 666 or email enquiry@andersons.com.au
