It is not uncommon for a resident to change homes within a retirement village. For example, from one unit to another, or from a unit to a serviced apartment. Here are some things to keep in mind.
Most retirement villages include a mix of independent living (e.g., villas, townhouses, and apartments) and assisted living (e.g., serviced apartments, care rooms).
Many residents move from independent living to assisted living. However, moving between independent homes is a possibility too.
Here are some key things to consider before you move.
In some villages, there may be a waitlist for serviced apartments or a room within their care home. Village operators may even have an eligibility system in place to ensure those who have the highest need for assisted living get to move first.
There may also be a waitlist for other independent properties, especially if your village is in high demand.
If you think you might like to move one day, it’s a good idea to start that conversation with the sales manager as soon as possible so they can keep you informed of available properties.
You will need to understand the basis on which your proposed new accommodation is being offered, so if it is also under a licence to occupy or, in the case of a care room, under an admission agreement. In some situations both a licence to occupy and an admission agreement may apply.
Moving within a retirement village usually results in a change in fees. The sales manager will be able to provide you with a breakdown of costs for moving to different accommodation, as well as outline any transfer and exit fees associated with leaving your current unit.
Note: if you move into a serviced apartment, many of the costs you were paying independently may now be absorbed into your weekly fee. For example, power, food, phone, and internet.
Depending on the approach adopted by the village, it may be that you will need to terminate the licence to occupy for the unit you wish to leave, and start a new licence to occupy for the unit you wish to move into.
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