Retirement villages Forms 1, 1A and 2
A prospective resident for a retirement village must be given a disclosure statement and a notice of resident’s rights at least 10 working days before the person enters into a residence contract at the village.
Form 1 or 1A - disclosure statements
The disclosure form they are given depends on the length of their tenancy.
- Form 1 is to be used for a prospective resident when
- the residence contract is for more than 12 months and
- there is a requirement to make an up-front payment to the retirement village of more than $1,500
- Form 1A is to be used for a prospective resident considering a short term lease of 12 months or less.
Form 2 - notice of rights
Form 2 sets out the rights of a resident entering into contract to live in a retirement village.
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