Retirement Villages West Coast

A Disclosure Statement is one of the documents you will receive if you intend to ‘purchase’ into a village (alongside an Occupation Right Agreement ). A Disclosure Statement is an important document to read and understand, as it explains the key information about moving to a village, including the type...

Buying into a retirement village works differently to purchasing a regular house. In most villages, you don't actually 'own' the unit or the land it's on, as you would in a traditional property purchase. Instead, the amount you pay upfront is called your Capital Contribution , which gives you the...

All retirement villages in New Zealand have associated costs, such as weekly fees. These generally cover things such as council and water rates, building insurance, external maintenance, upkeep of communal facilities, staff costs, gardening and management of the village. You are responsible for paying for your personal costs, such as...

In New Zealand, all registered retirement villages are required to have a Statutory Supervisor. This is an independent role, separate from the Village Manager. The statutory supervisor keeps an eye on the financial management of the village and the security of the residents. They are regulated by the Financial Markets...