Retirement villages
Decisions about retirement villages are very important. They have long-term personal and financial consequences. If you're considering retirement villages, you'll find that it's different from buying a house. Different villages are managed in different ways and offer a variety of housing, facilities and services. Legal and financial issues are also more complicated. You need to know what you're entitled to before entering a village. In many cases, residents do not share in any capital gain when they leave or transfer within the village. Deductions from the original price paid for a unit are also common. In addition there are ongoing relationships between residents, owners, management and staff to take into account, as well as the lifestyle offered.
This section of Sorted includes information based on the Retirement Villages Act 2003. You'll find helpful information from how to find the right retirement village to how to sign up.
In this section, you'll find information about:
- Getting started
Find out what retirement villages offer, and take a brief look at the Retirement Villages Act. You'll also find some tips for starting your search here. - Costs
Find out about the costs involved, including entry, transfer and leaving charges, as well as the everyday costs of village life. - Legal matters
Learn about the different legal titles and the various ways you can buy into a retirement village. - Village management
A look at how villages are managed, including management agreements, the statutory supervisor, village rules, the involvement of residents and complaints and disputes processes. - Lifestyle
What kind of lifestyle do you want to have after you've moved in? We offer tips on finding the village that best suits your needs. - Signing up
Found the right village? Then it's time to sign up! Changed your mind? Find out when and how you can cancel the agreement. - Checklists
Our financial and lifestyle checklists make it easier to find the right retirement village for you. Don't forget to check our quick list of things to do if you sign up.
User Comments 
retirement communities
my parents live overseas where they paid $30.000 fee and rent a 2brm unit for 380pw, plus a body corp charge of about $35pw the fee gives them a life long tennancy, the community consists of about 60 units with live in manager and a community centre,other activities pool gym etc are close by but not part of the complex, is ther any similiar setups in NZ all I can find is villages that one has to purchase into starting at $300k plus with weekly fees of around $170, not everyone wants to tie up their savings in such a way, a modest fee as above and paying rent seems to be a good option,I would appreciate feedback.