How this option works
Regulated communities where residents usually enter under a retirement village contract. Fees, exit entitlements and ongoing charges need careful comparison.
Important questions
- What do you own, lease or licence?
- Which ongoing fees apply and how can they increase?
- What happens when you leave or sell?
- Which maintenance responsibilities stay with the resident?
- Can care services be added if needs change?
Who it may suit
This option may suit people who value the lifestyle and support level offered by this model. It is important to compare the legal agreement, total long term cost and practical day to day fit rather than relying only on the facilities.
Queensland retirement village contracts can be complex. Request all required disclosure documents and obtain independent legal and financial advice.