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Retirement Housing

From 1 January 2018, the Retirement Villages Act 2016 (SA) governs retirement villages, from entering into residence contracts, to meetings and consultation, residence rules, termination and exit entitlements.

What documents and information can a prospective resident expect to receive?

At least 10 days before a person enters into a retirement village residence contract, the operator of the retirement village must give the person a copy of the following:

  • The residence contract
  • The disclosure statement

  • If the contract relates to a retirement village already established:

    • The financial statements presented at the last annual meeting of residents and a written statement of any subsequent changes

    • A copy of the minutes of the last 2 annual meetings of residents

  • The residence rules

  • The policy regarding remarketing of residences

  • Any code of conduct to be observed by the operator or residents, and

  • Any other document prescribed by the Retirement Villages Regulations 2017 (SA)

[Retirement Villages Act 2016 (SA) s 22]

Retirement Housing  :  Last Revised: Thu Feb 15th 2018
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