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A leasehold is a legal arrangement in which a retirement village resident leases the right to occupy a unit or apartment within the village, typically for a fixed period of time. The leasehold agreement sets out the terms and conditions of the arrangement, including the duration of the lease, the rights and obligations of the resident, and the costs associated with the lease.
In a leasehold arrangement, the retirement village retains ownership of the unit or apartment and the land on which it is located. The resident pays an initial entry fee, as well as ongoing fees for services and maintenance. At the end of the lease, the resident is typically entitled to receive a refund of a portion of the initial entry fee, subject to certain conditions.
Leasehold arrangements can provide retirement village residents with a range of benefits, including access to amenities and services such as maintenance, security, and social activities. They can also offer a sense of community and social engagement, as well as a range of health and wellness services.
Overall, leasehold arrangements can be a desirable retirement living option for individuals who want to enjoy the benefits of retirement village living without the financial and maintenance responsibilities of traditional homeownership. However, it is important for residents to carefully review the terms and conditions of the leasehold agreement and seek legal advice if necessary, to ensure that they fully understand their rights and obligations.
To begin to search for your ideal retirement village in your chosen location, click on your state below:
Moving into a retirement village is an exciting new chapter, but it also comes with financial decisions that require careful planning. Understanding the costs, fees, and contract types will help you make informed choices and enjoy peace of mind in your retirement years.
As of 2025, Australia's retirement village sector is dominated by several large operators, both for-profit and not-for-profit, offering a range of living options across the country. Here are some of the biggest providers:
Retirement is the perfect time to prioritise health, wellbeing, and personal fulfilment. In response to growing demand, many Australian retirement villages are putting health and wellness at the heart of their communities, offering facilities, programs, and services that help residents live happier, healthier lives for longer.
Retirement villages in Australia offer more than just a place to live, they provide a lifestyle designed for comfort, independence, and social connection. These communities cater to older Australians seeking a balance between autonomy, security, and a vibrant social environment.
