Retirement village contracts are commercial arrangements, so financial details vary greatly, but there are generally entry, ongoing and exit costs to consider when moving into aged care accommodation. Always read contracts carefully and seek legal advice to understand the impacts.

Most villages operate under a lease or licence right of residency. You don’t own your home, but instead have a contractual right to live there. An emerging category of retirement community living is a land lease community where you do own the home but lease the land it sits on.