Retirement villages are becoming very popular for older clients as they offer a safe and maintenance free lifestyle.
Buying into a retirement village is different from buying other residential property and the financial structures and legal titles can vary from village to village so it is important to understand their implications.
If you are contemplating a move into a retirement village you will be presented with an occupation licence to sign. An occupation licence is your agreement with the retirement village and it is often a very large complex document which can be quite overwhelming. Tripp Rolleston & Co can break this document down for you and make it more manageable for you to understand and ensure that it fits with your requirements.
A site you may find helpful is - www.cffc.org.nz/dmsdocument/181