What happens to my retirement village accommodation in the event of my death?
Most retirement village contract terms will have a provision stating that tenure ends automatically in the event of death of a remaining resident. In this case the villa / unit forms part of the deceased resident’s estate. The beneficiary of the estate would then be responsible for working with the retirement village operator to terminate occupancy, prepare the property for resale and finalise exit entitlements.
If you are interested in exploring the possibility of a move to a modern retirement village around Melbourne. Booking a tour at one of the RCA Villages around Melbourne can be a great place to start. Visit the website of the village in the region you would like to visit for contact details.
South East Melbourne
Ask about RCA Villages no deposit reservation process on new villas.