Entering into a Retirement Village is a big decision and lot more complex than buying a house. It’s important that you fully understand your rights and obligations before committing.
It’s important to do your research and seek expert legal advice before entering a retirement village. This will help you make an informed decision and ensure that you have the right strategies in place to make retirement living a breeze.
You will be assigned both a solicitor and conveyancer to your matter, ensuring you have proper legal advice and the procedural aspects of your matter handled by the right people.
You will receive a complimentary estate planning consultation with our specialist estate planning team.
Professional fixed fees with no sundries charged to you (like photocopying, postage and administration) Disbursements passed on to you directly, so you only pay for what you use.
All solicitors and firm approved annually by the ACT Law Society Practice management software in use receives the coveted NSW Law Society Certification.
Fully audited trust account available for your convenience.
Prepared for paper or PEXA settlements, e-conveyancing ready and skilled in ACT and NSW property transactions. Ask us about auction or private treaty, whether for established properties, off-the-plan or vacant land.
You should consider:
Under this model, the Retirement Village Operator owns the Retirement Village and leases a residential unit to you. This is similar to if you were a standard residential tenant.
There may be ongoing contribution fees, recurrent and departure fees that are applicable.
If your retirement village uses a Unit Title model, you as the resident purchase a unit within a units plan which is subject to certain rules and restrictions.
In this case you will own the unit. However, you will likely be required to sign further documents that record your rights and obligations to live within the retirement village.
There may be levies that you must pay for managing and maintaining the property which may change annually. You may also have to pay recurrent charges in addition to the levies.
When using a Loan or Licence, the Retirement Village Operator owns the land and gives you a licence to live in the unit.
Typically, the operator will require an ingoing contribution as well as recurrent charges to be paid.
When using the loan or licence model, your name will not appear on the land titles register.
The amount refunded to you or your estate upon departure will vary according to the contract and agreements in place between you and the retirement village operator.
No matter how you would like to proceed with your matter, we can accommodate your needs. We have streamlined and simple digital systems that allow us to complete your matter contactless.
|Retirement Village Entry Steps||Can Morris Legal Group help?|
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|Contract and Agreement ReviewAll advice can be issued in writing and either emailed or posted to you. Advice also includes a videoconference, meeting or telephone call to discuss our advice.|
|Verification of IdentityThis can either be completed in person at our office, or done digitally.|
|Execution of Retirement Village Documentse-Signing can be used where the parties consent. Alternatively, documents can be signed in person at our office.|
|Witnessing (if required)We can also tend to witnessing remotely (where permitted by law) if required.|
|Deposit PaymentFor your convenience, you can either choose to pay your deposit to our trust account or directly to the agent. Both are done remotely.|
|Document DeliveryWe can arrange for documents to be delivered via email, post or contactlessly dropped to you.|
Excellent staff, Raina was superb, thorough & very accommodating, nothing was a bother.
Communication was excellent. Information was provided in a way that made the whole transaction very easy. Raina was awesome.
The process ran very smoothly, they took us through everything step by step and explained things very well which helped to make the whole process stress free.
- Jade & Udaya
Competent and efficient service, good communications, outcome as promised and expected.
I had dealt with Raina at another firm and she demonstrated great support and rapport understanding our issues and helping us to sell and buy.
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