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What happens to your money in a retirement village?
Published 3 weeks, 4 days ago
Description
Moving into a retirement village can offer community, convenience and freedom from maintaining a family home — but the financial arrangement is very different from buying property.
Anthony Harper law firm partner Jenny Baldwin explains occupation right agreements, ongoing fees, capital gains, deferred management fees, exit delays and the potential cost of moving into aged care. Plus, what residents and their families should check before signing anything.
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