Did you know there is legislation, the Retirement Villages Act, that has placed special protections in place for people moving into Retirement Villages? And with good reason.
Sometimes lifestyle villages will advertise to over 50’s and deter people from seeking legal advice. This kind of accommodation falls under Part IV of the Residential Tenancy Act (Caravan Parks) and can be challenging to get out of when the costs begin to increase over time.
Retirement Village packages can be complex. It is important to understand what you are buying, what your rights and obligations are, what fees you may be facing over the term of your stay and whether your needs will be adequately catered for.
For more general information you can visit Consumer Affairs Victoria’s resources here regarding Retirement Villages.
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