Jump to Content
Knowledge Lab logo

Leaving a retirement village


It is important when you ENTER a retirement village in New Zealand that you know what to expect when you LEAVE a village:

  • Do you understand what the Deferred Management Fee (DMF) is and how this will influence the amount you receive once you sell your home?
  • Who receives any capital gain resulting from the sale? What about capital loss?
  • How will your unit be sold? Can you/your estate have a say in how it is valued/marketed?  Makes sure you know where they will advertise.  www.retirementvillages.co.nz has the most village listings in New Zealand.
  • Who pays the marketing, administration, and/or refurbishment costs?
  • Will you be reimbursed for any improvement/alteration you have made to the unit?
  • Will you be responsible for paying maintenance costs/weekly fees while the unit is on the market? If so, for how long?
  • When will you/your estate receive payment from the sale? What if there are delays?

You need specialised legal advice when you  - find services on Making Life Easier

Updated: 20 Jul 2023
Was this resource helpful?