The Retirement Village Handbook Contents

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1.   Introduction 1
 
 
2.   What Is A Retirement Village? 2
3.   Reasons For Moving 3
4.   Resident Funded Vs. Donor Funded 4
5.   Complicating Features 4
6.   Legislation 5
7.   Legal Structures 6
      7.1  Lease 7
      7.2  License 8
      7.3  Strata Title 9
      7.4  Community Title 11
      7.5  Company Title 12
      7.6  Unit Trust 13
      7.7  Manufactured Home 14
      7.8  Conventional Lease 16
8.   Parking And Storage 18
9.   Legal Documentation 19
10. Stamp Duty 20
11. Goods And Services Tax (GST) 21
12. Service Charges 21
13. Refurbishment And Capital Replacement Costs 25
14. Security Of Tenure And Operator Default 26
15. Termination 28
16. Vacating The Premises 29
17. Departure Fees 29
       17.1   What Are Departure Fees? 29
       17.2   The Three Basic Departure Fee Structures 30
       17.3   Variations 31
       17.4   How Are The Three Basic Structures Different? 31
       17.5   Departure Fee Drivers 32
       17.6   The Importance Of Time 32
       17.7   The Effect Of Capital Gains 33
       17.8   Alternative Entry Price And Departure Fee Arrangements 34
       17.9   Traps For The Unwary 34
       17.10 What Are Departure Fees For? 36
       17.11 Can Departure Fees Be A Good Thing? 36
18.  Do The Math 37
19.  Want Help? 38
20.  Capital Losses 41
21.  Credit Risk 41
22.  Other Financial Considerations 42
23.  Other Non-Financial Considerations 43
24.  A Methodology For Analysis And Assessment 44
25.  Can It Be A Good Investment? 45
26.  Bank Lending 47
27.  Waiting Lists 47
28.  Committing Off-The-Plan 48
27.  Negotiation 49
28.  Selling Your Home 49
29.  The Importance Of Good Legal Advice 50
30.  Other Accommodation Alternatives 50
Schedule:  Present Values 51
Checklists 52
       Personal Considerations 53
       The Village 53
       The Unit 57
       Management 59
       Financial Considerations 60
       Legal Considerations 62
       Selling Your Home 65
       Vacating The Premises 65
The Retirement Village Legislation 67
       New South Wales 68
       Queensland 84
       Victoria 98

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