How does it work in NSW?
Land lease living is growing in popularity across Australia as more and more people 50+ embrace the opportunity for an affordable and attractive retirement lifestyle.
This is the legal agreement signed between you, the home owner and the community operator. Site agreements govern all rights and obligations of both operator and resident; they must include the detailed terms and conditions applying to fees and charges, complaints processes and the grounds on which a site agreement can be terminated.
The detailed information in the Disclosure Statement is included in the site agreement. Once you sign a site agreement there is a 14-day cooling off period , which ends if you move into the home or put a home on the site in that period.
Learn more about Site Agreements before You Sign. It is always a good idea to get legal advice before entering into any sales contract for a home or arrangements for a site. You should also do your homework in learning about your rights and obligations when you enter a land lease community.