What if I am considering a Retirement Village?
Big Law has considerable experience acting for retirement villages, and also for clients wishing to take up residence in a retirement village.
The decision to move to a retirement village is a lifestyle choice. Whilst there is a property transaction involved, it is usually not a real estate transaction in the normal course of events. Retirement Villages often have exit fees and other costs in addition to your ongoing financial contributions. In this regard, it is essential you seek legal advice before entering into any negotiations or agreements to acquire property in a Retirement Village.
Big Law has all the requisite expertise to advise you on acquiring property in a retirement village, specifically in the following areas:
- Whether the premises are Leasehold or Freehold
- Reviewing documentation, including contracts for sale and purchase, leases, resident