Our tenure agreements
RetireAustralia’s villages offer a variety of ownership and tenure options:
The most common form of tenure available in our villages is a leasehold agreement.
Under this agreement, you can purchase a long-term lease – usually 99 years or more – that allows you to reside in their unit, villa or apartment. As you do not own the building or the land it sits on, you will not have to pay stamp duty or any body corporate or owners corporation fees.
This lease will be registered with the relevant state body with you listed as the ‘lessee’ and will terminate automatically when the property is sold on to a new resident.
Our leasehold villages:
Similar to a leasehold agreement, those who move into the village under a licence agreement have the right to reside in their new home.
The main difference between leasehold and licence agreements is that a licence agreement will not be registered under title.
Our licence villages:
In a strata title village, residents own their unit, villa or apartment while RetireAustralia maintains ownership of the underlying land. As the owner of the property, you will be required pay stamp duty and will be registered as the owner on the property’s title deed. You will also become part of the body corporate or owners corporation, which involves the payment of additional fees to maintain common areas and facilities.
Our strata villages: