What happens if I need to move into an aged care facility due to health and/or mobility concerns?
Access to an aged care facility depends on the results of an aged care assessment, in accordance with the Commonwealth Aged Care Act 1997. If you need to trigger the exit process in order to move into an aged care facility and an accommodation bond is required by the aged care facility you need to:
- Commence the exit process based on the terms of your retirement village contract. This may include giving the village manager sufficient written notice of your intention to leave the retirement village.
- Let the retirement village operator or village manager know the total amount of the accommodation bond and the date that payment is due (usually 6 months from the date you move in).
- If your village unit / villa is not sold before the due date of the bond (being 6 months after you enter the aged care facility) then the retirement village operator will be required to pay a certain amount of your village exit entitlements up to a maximum amount of the accommodation bond you are required to pay. This amount will then be deducted from the total exit entitlement once your unit /villa is sold.
In preparation of the sale of your unit / villa, you or your family members may need to refurbish if the terms of the contract are that refurbishment is the resident’s responsibility.
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