However, some ORAs recognise that funding may be provided by a family trust and are willing to accept an instruction from the resident/s where termination proceeds are repaid to the trustees of the family trust. A Comprehensive Guide to New Zealand’s Retirement Villages Whether you’re planning to downsize, looking for added security or after an accommodation option that meets your changing needs, finding the right place to call home is important. Residents may have friends or relatives stay but not long term. It’s close to Queenstown but with more affordable houses, at a median value of $396,500 for two bedrooms ($317,000 for a flat). Retirement village operators have responsibilities in relation to the sale or disposal of a vacant residential unit (as set out in section 51 of the Code). The Retirement Villages Association of New Zealand Inc (RVA) is a voluntary, nationally-based membership association representing operators, developers and managers of retirement villages throughout New Zealand. A Comprehensive Guide to New Zealand’s Retirement Villages We do a lot of travel in our motorhome and like that we can lock up and leave, and our house is taken care of.” - Ross Cleaver – Papamoa Sands resident, “My wife Judi and I moved up from Wellington and we haven’t looked back – you couldn’t get us to move now. Whether you’re planning to downsize, looking for added security or after an accommodation option that meets your changing needs, finding the right place to call home is important. Yes, small dogs and cats are welcome. requires operators and residents to share the cost of mediation services equally. The operator must appoint a disputes panel to resolve a dispute for which a disputes notice has been given. if the resident has a legal or equitable estate or interest in the unit, buy the resident’s estate or interest at a price within the time fixed by the panel, or pay a sum fixed by the panel. The costs of living in a retirement village, Understanding retirement village contracts and paperwork. It’s a very friendly, very social place. Nb: If you are looking on behalf of someone, answer questions as relevant to the potential resident. Because of the joint ownership structure, intending residents should consider signing an agreement which provides for the exit payment, or termination proceeds, to be divided equally between the residents or their respective estates. COVID-19 remains a threat in other countries and re-occurrences are possible in the future. On the death of one of the residents the ORA transmits automatically to the surviving resident. The resident does not have the right to assign their interest or rent out the unit. The houses are reasonably priced and very well finished. I feel safe here, and people look out for one another. The social aspect is fantastic. The village centre is a great facility. Visitors and contractors to our village offices will still be asked to sign in, and we should still personally keep track of where we have been and who we have seen should urgent contact tracing be required. You can request an Information Pack for multiple villages by adding them to your Will my weekly fees increase substantially without warning? Search for a retirement village that meets all your needs on the Trade Me website. When ready, the actual and reasonable costs associated with ending the ORA, such as legal expenses and removal costs. It’s close to Wellington but with warmer weather and miles of beautiful beaches. We continue to welcome all sales enquires with open arms and look forward to showing off our beautiful, vibrant villages in their entirety. There is no official retirement age in New Zealand, but there are some exceptions. Typically operators do not permit trustees of a family trust to enter into an ORA. We made it to Level 1! They are only allowed to alter the structure of the unit with the operator’s consent and usually only if a resident develops disabilities. Knightsbridge Village - Two bedroom villa, MURRAY HALBERG - 1 bedroom serviced apartment, Luxurious 2 Bedroom- 7 Saint Vincent- Metlifecare, Luxurious 1 Bedroom- 7 Saint Vincent- Metlifecare, Metlifecare Highlands- Serviced Apartment, Mayfair Village - North facing, private garden, Pakuranga Park Village - 2brm 2 bathroom Apartment, Knightsbridge Village - Brand new 2 bedroom, EDMUND HILLARY - 1 bedroom serviced apartment, 2 Bedroom Apt - Highgrove Retirement Village, Retire in style at Waterford on Hobsonville Point. These parks can be rented for a low weekly rental. E-bike rides, bridge walks and new showhomes… what a weekend! In the majority of retirement villages, the operator is responsible for the maintenance and upgrading of village property. {{ getNameById(defaultTypeOfHomesList, id) }}, {{ getNameById(defaultEntryAgeList, id) }}, {{ getNameById(defaultPriceRangeList, id) }} (Independent Living), {{ getNameById(defaultPriceRangeList, id) }} (Serviced Apartments), {{ getNameById(defaultLevelOfCareList, id) }}, {{ getNameById(defaultVillageSizeList, id) }}, Independent & Assisted Living + Care Home. Village living is becoming increasingly popular with a large percentage of residents reported as being happy with their experience. Freedom Lifestyle Villages operates as a registered retirement village, and residents are protected by the Retirement Villages Act (2003). In addition, if the unit is to be built and is not finished to the point of practical completion within six months after the proposed date of completion, the resident can cancel the ORA. We would particularly like to thank all our residents, staff, and visitors for the care you have taken over the past few months in helping keep our villages safe. So we can best respond to your enquiry, please complete the below questions. A Waikato local now for twenty years, Nikki relates easily to people from all walks of life, and enjoys sharing life experiences, and introducing people to the Freedom Lifestyle philosophy and opportunities.

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