{"id":2012,"date":"2023-05-11T23:45:39","date_gmt":"2023-05-11T23:45:39","guid":{"rendered":"https:\/\/blog.villages.com.au\/?p=2012"},"modified":"2023-05-11T23:54:24","modified_gmt":"2023-05-11T23:54:24","slug":"can-a-person-leave-a-retirement-village","status":"publish","type":"post","link":"https:\/\/blog.villages.com.au\/retirement\/can-a-person-leave-a-retirement-village\/","title":{"rendered":"Can a person leave a retirement village?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2012\" class=\"elementor elementor-2012\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6cce2c8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6cce2c8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-34869b1\" data-id=\"34869b1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0b2e3d0 elementor-drop-cap-yes elementor-drop-cap-view-stacked elementor-widget elementor-widget-text-editor\" data-id=\"0b2e3d0\" data-element_type=\"widget\" data-settings=\"{&quot;drop_cap&quot;:&quot;yes&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>T<strong>he process for leaving the retirement village should be explained in the contract that you are given and sign before you enter the retirement living community.<\/strong><\/p><p>A resident may have to pay one-off or even ongoing fees after they leave, as part of the payment model for the purchase.<\/p><h5><strong>The contract should also explain:<\/strong><\/h5><ul><li>any payments the operator will make to the resident on leaving, such as returning part of the upfront payment amount or returning the bond paid, and<\/li><li>when the payments will occur.<\/li><\/ul><blockquote><p>If residents own a title to their retirement home, their contract may restrict how, when and to whom they can sell.<\/p><\/blockquote><p>The particular purchasing and payment model used may also impact the capital gains from the sale. In some contracts the village keeps all or part of the capital gain.<\/p><p><strong>States and territories have specific retirement village laws<\/strong><\/p><h5><strong>Different states and territories may have different rules about:<\/strong><\/h5><ul><li>contract disclosure statements and cooling-off periods, and<\/li><li>residents\u2019 rights and retirement village operators\u2019 responsibilities under each different purchasing and payment model.<\/li><\/ul><p><strong>State and territory retirement villages laws also generally include dispute resolution requirements.<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The process for leaving the retirement village should be explained in the contract that you are given and sign before you enter the retirement living community. A resident may have to pay one-off or even ongoing fees after they leave, as part of the payment&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"categories":[71,70],"tags":[97,83],"class_list":["post-2012","post","type-post","status-publish","format-standard","hentry","category-money","category-retirement","tag-explained","tag-retirement-villages"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/comments?post=2012"}],"version-history":[{"count":5,"href":"https:\/\/blog.villages.com.au\/wp-json\/wp\/v2\/posts\/2012\/revisions"}],"predecessor-version":[{"id":2020,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2012\/revisions\/2020"}],"wp:attachment":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/media?parent=2012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/categories?post=2012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/tags?post=2012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}