Zande Law was founded on a strong foundation of core principles, including technical excellence, tenacity, integrity, service, foresight and value.
Zande Law was founded on a strong foundation of core principles, including technical excellence, tenacity, integrity, service, foresight and value.
Our lawyers will provide guidance for you on the terms and conditions of your retirement village contract, ensuring that you fully understand your rights and obligations before signing any agreements. We will explain the important aspects of moving into a retirement village, such as fees, the length of the contract, care provisions, and the process for ending or transferring the contract if needed.
The most common forms of occupation are licence, long-term lease, and strata title ownership. We will help you understand the differences between these options and guide you in choosing the one that best suits your needs and lifestyle.
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Moving into a retirement village is a significant change in life and we are here to make the process as stress free as possible by navigating contracts, making sure you understand the terms of residency and by managing financial agreements.
In a licence agreement, the occupier does not own the unit but pays the developer a long-term loan or donation in exchange for the right to occupy it. Some of the payment may be refunded if the occupier leaves, making this option appealing due to its lower entry cost.
In a long-term lease agreement, the developer retains ownership of the unit, but the occupier is entitled to live in the unit pursuant to a lease. Leases offer more security than licences, as they provide a property right giving residents an interest in their unit, subject to the lease's terms.
Strata title ownership is the most secure form of ownership, similar to owning any other flat or unit. Owners are members of a body corporate and have a direct role in the management of the village. The cost of strata title ownership is typically higher than a licence or long-term lease, with the added expense of stamp duty.
