|WHAT THEY OFFER||LAND LEASE COMMUNITY||TRADITIONAL RETIREMENT VILLAGES|
|Provision of a private secure and friendly community environment for retirees.||Yes|
A land lease community is a managed community.
The law about land lease communities is regulated by the NSW Fair Trading under the Residential (Land Lease) Communities Act 2013.
A retirement community is a managed community for retirees. Retirement villages are regulated by NSW Fair Trading under the NSW Retirement Villages Act 1999.
|Restricted to seniors aged 50+||Most are|
Land lease communities can have working, semi-retired and retired residents – most attract residents aged 50 +. Some land lease communities have residents of all ages. Those directed at the retiree market have age restrictions with rules limiting entry to for example Over 50s or 55s.
Retirement villages are primarily for those aged 55+ or who have retired from full-time employment.
|Gardens and recreational amenities||Yes |
Many land lease communities are located within landscaped grounds with resort style amenities such as club houses, swimming pools, bowling greens and tennis courts
Many traditional and modern retirement villages offer resort style recreational amenities and landscaped gardens.
Some land lease communities are gated, with a boom gate and onsite and after-hours security and assistance.
Traditional and modern retirement villages offer onsite management during business hours and on-call access to after-hours security and assistance.
|Exclusively for permanent residents||Yes |
Generally, sites are exclusively for permanent residents. However, some can accommodate both permanent residents and short-term holidaymakers.
Retirement villages are exclusively for permanent residents.
of Common Areas
Maintenance of all common areas and facilities is the responsibility of the community operator.
Maintenance of all common areas is generally the responsibility of the village operator.
In the case of strata retirement villages, the Owners Corporation is responsible.
Maintenance of the home on the site is the responsibility of the homeowner.
Under the site agreement home- owners have to maintain their homes in good order, consistent with the standards of housing in the community.
In most retirement villages maintenance of homes is the responsibility of the village operator.
In strata villages maintenance of the home is the responsibility of the unit owner.
Most land lease communities have onsite management offices and personnel whose role is to coordinate maintenance, administration and community activities.
Most retirement villages have onsite management offices and personnel whose roles to coordinate maintenance, administration and community activities.
Land lease communities are suitable for people who can live independently, however, as people age the community manager can assist them to coordinate additional home care services such as cleaning, home maintenance and meal assistance. These are usually external services that are paid separately by the homeowner.
Retirement villages are for those who can live independently but the community manager can assist them to coordinate additional home care services such as cleaning, home maintenance and meal assistance on a pay-as-you-go basis.
|Security of Tenure||Yes|
The community operator cannot terminate a residential site agreement without specific grounds; these are clearly set out under the Act and are usually also specified in site agreements.
In some limited instances– such as sale or redevelopment of the land, operators can terminate site agreements. However if they initiate such action for these reasons they will have to pay compensation to home owners to assist them in moving.
Generally, the only circumstances that allow for removal of a resident revolve around a breach of the terms of the contract/license or village rules and by-laws.
However, some contracts allow for a change in retirement village ownership, which can trigger a right to buy back units from residents.