Top 5 things you need to know

1.Different villages are managed in different ways.

2.There are usually costs when you enter and when you leave a village, as well as ongoing expenses.

3.Financial structures and legal titles can vary from village to village.

4.With a licence to occupy you don’t own the unit and cannot borrow against its value.

5.The Retirement Villages Act 2003 protects people entering into and living in retirement villages.