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Thinking about a retirement village

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Before you get your heart set on any particular village or unit, spend plenty of time asking around (including asking friends who have done their own homework or who have perhaps moved into a village) and studying your options. Examine all the legal and financial arrangements of each of the...
Buying into a village is different to purchasing a house. For the majority of villages, you do not ‘own’ it or the land it’s on (as you might own a house elsewhere). The sum you pay to 'buy' into the village is known as your Capital Contribution. An Occupation Right...
From the Te Ara Ahunga Ora Retirement Commission website: “In June 2021 Te Ara Ahunga Ora Retirement Commission released a report and recommendations following public consultation on a white paper * studying the effects of the complex legal framework governing the retirement village sector. We received nearly 3300 submissions ....
A serviced apartment, a common retirement village option, provides for the delivery of services to people who are paying privately for services. Commonly these people are reasonably independent. Services range from meals and cleaning services to, in some cases, high-end services such as a personal chef and chauffeur. High levels...