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
