The Retirement Village Handbook

	The Retirement Village Handbook Contents

	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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