From 1 October 2013 there will be one less thing to worry about
when trying to choose which Retirement Village is right for you.
Making a decision for this next chapter of your life is an exciting
time, although it can be somewhat overwhelming. You want to make
sure you choose the right location and facilities for you and your
family and the last thing you want to be thinking about is reading
and comparing the fine print.
Up until now contracts for Retirement Villages have been often
confusing and hard to read. There are various forms of Retirement
Village contracts. These are usually one or a combination of a
lease, strata title, loan agreement or occupancy agreement.
The good news for those who are looking into organising a
retirement home for themselves or a loved one, from October, all
retirement village contracts will become standardised, thereby
reducing the stress and confusion on retirees and their families,
in what can be a major lifestyle decision. This decision by the
state government is long overdue, and will eliminate any worrying
clauses that retirement village operators may insert into the
The new form of contract will also be written in clearer, easier
to understand language, and will remove most of the legal jargon
contained in the current retirement village contracts. Even though
this is the case, it is still suggested that you seek specialised
legal advice, as there are certain aspects of village contracts
which will need to be explained thoroughly to you (i.e. recurrent
charges and departure fees).
Although the village contracts and disclosure statements are
being standardised, this does not apply to stand-alone contracts
(i.e. car parking licenses and storage licenses). This means that
village operators may seek to include unfriendly clauses in such
stand-alone documents, and is yet another reason to seek legal
advice in relation to any documentation you receive from a
The Sportscraft refunds and returns policy limitations went beyond consumer's rights under the Australian Consumer Law.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).