Parke Lawyers has significant expertise in the area of Retirement Village Law. Our team of property lawyers can provide legal advice and assistance to retirement villages and those seeking to enter a retirement village. As a firm that acts for a well-known retirement village group, we ensure all documents and agreements required to be submitted by a retirement village to prospective retirees are of the highest quality and compliant with all legislative requirements.
Prospective retirees looking to enter a retirement village can rest assured they will be receiving advice and assistance that is practical and easy to understand. Additionally, any documents or agreements a retiree is required to sign are comprehensively reviewed to ensure that they are compliant with all relevant and applicable legislation.
A retirement village in Victoria is a development covered by the Retirement Villages Act 1986 where:
- residents are 55+ years or are retired from full-time employment or are the spouses of those people
- residents receive accommodation and services
- at least one of the residents, as a condition of entering the retirement village, paid an ingoing contribution that was not rent, whether by lump sum or instalments
Retirement villages often include shared facilities such as a library, swimming pool and meeting rooms. Some provide lifestyle activities including outings, visits to health care professionals and joint meals.
It is important to seek pre-contract advice and gain a full understanding of your obligations, including the initial contributions, ongoing payments, exit fees and the applicable by-laws and rules.