Buying Into a Retirement Village – Why Legal Advice Matters
Purchasing a home in a retirement village in New Zealand is very different from buying a standard residential property. Retirement villages can vary greatly in their accommodation options, financial structures, contracts, and management styles. In some cases, you may only receive a licence to occupy, while in others you may own the unit but be required to sell it back to the village in the future.
Because of these differences, getting independent legal advice is not only highly recommended – it is also a legal requirement under the Retirement Villages Act.
At Sutcliffe Matson Law, our team has extensive experience in retirement village contracts, legal obligations, and financial considerations. We guide you through the process so you fully understand the benefits, risks, and long-term implications before making such an important decision.
With so many retirement village options and personal factors to weigh up, having the right legal advice ensures you make the best choice for your future.
Learn more about our Elder Law services by clicking the button below, or contact us today to arrange an appointment.