{"id":2035,"date":"2023-05-25T03:55:51","date_gmt":"2023-05-25T03:55:51","guid":{"rendered":"https:\/\/blog.villages.com.au\/?p=2035"},"modified":"2023-05-25T03:57:33","modified_gmt":"2023-05-25T03:57:33","slug":"what-happens-if-a-retirement-living-operator-changes-hands","status":"publish","type":"post","link":"https:\/\/blog.villages.com.au\/lifestyle\/what-happens-if-a-retirement-living-operator-changes-hands\/","title":{"rendered":"What happens if a retirement living operator changes hands"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2035\" class=\"elementor elementor-2035\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c1919b8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c1919b8\" 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-3111c7d\" data-id=\"3111c7d\" 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-c6fd532 elementor-drop-cap-yes elementor-drop-cap-view-stacked elementor-widget elementor-widget-text-editor\" data-id=\"c6fd532\" 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 class=\"MsoNormal\">I<strong>f you are a resident in a retirement living facility, you have signed a contract on agreeing to be part of the village.<\/strong><\/p><p class=\"MsoNormal\">The contract will stipulate your rights, the entry costs, the settling-in period, recurrent charges, services and facilities, alterations and additions, repairs and maintenance, sharing of capital gains and departure fees.<\/p><p class=\"MsoNormal\">If the retirement living operator sells to a new or existing operator during the resident\u2019s tenure, the right and obligations stipulated in the contract signed before entry remains the same.<\/p><p class=\"MsoNormal\">\u00a0<\/p><blockquote><p>If the new operator wants to be involved in the management or control of the resident\u2019s village, they must hold a meeting with the residents and any former occupants who still have entitlements under their contracts.<\/p><\/blockquote><p>\u00a0<\/p><p class=\"MsoNormal\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: #4a4a4a; mso-ligatures: none;\">The meeting must be held at least 28 days before they become the operator. At this meeting the potential operator must report on their:<\/span><\/p><ul type=\"disc\"><li class=\"MsoNormal\" style=\"color: #4a4a4a; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt;\">financial ability to operate the village, and<\/li><li class=\"MsoNormal\" style=\"color: #4a4a4a; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; line-height: normal; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt;\">plans for the future management of the village, including any proposed changes.<\/li><\/ul><p class=\"MsoNormal\"><strong><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: #4a4a4a; mso-ligatures: none;\">The residents and former occupants must be given at least seven days\u2019 written notice of the meeting.<\/span><\/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>If you are a resident in a retirement living facility, you have signed a contract on agreeing to be part of the village. The contract will stipulate your rights, the entry costs, the settling-in period, recurrent charges, services and facilities, alterations and additions, repairs and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2036,"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":[18,70],"tags":[97,83],"class_list":["post-2035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","category-retirement","tag-explained","tag-retirement-villages"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2035","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=2035"}],"version-history":[{"count":4,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2035\/revisions"}],"predecessor-version":[{"id":2040,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2035\/revisions\/2040"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/media\/2036"}],"wp:attachment":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/media?parent=2035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/categories?post=2035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/tags?post=2035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}