SUNSHINE COAST ELDER LAW offers fixed fees for clients entering into Contracts to purchase Residential Units in Retirement Villages.
Our service is provided in two stages:
STAGE ONE – COMPREHENSIVE REVIEW AND ADVICE ON CONTRACTS
Our initial advice includes a comprehensive review of, and advice on the Retirement Village Contract Documents (usually involving at least the Form 3 Village Comparison Document, the Form 4 Prospective Costs Document, and the Lease/Licence Agreement, as well as often a series of additional ancillary documents) and encompasses:
An initial telephone discussion with you about the proposal.
A detailed review of the contract once provided to us.
A formal written advice to you about the contract documentation – outlining your rights and obligations.
Face to face meetings with you as needed to discuss the contract, highlighting any particular issues and concerns identified, and to answer any queries you raise.
Proceeding with signing of the documents and liaising with the solicitors for the Village Operator about the Contract documents and moving towards settlement.
OUR FIXED COST: $750 + GST
STAGE TWO – COMPLETION OF SETTLEMENT FOR PURCHASE
Once the contract has been fully explained and considered, upon the decision being made to proceed we handle through to completion the conveyance to you of the interest being purchased in the Retirement Village, which includes:
Liaising with the Solicitors for the Retirement Village Operator in relation to arrangements for settlement.
Reviewing, and arranging for signing of all necessary documents.
Checking figures, and arrangements for payment.
Attending on settlement with the solicitor for the Retirement Village.
Finalizing all necessary steps to ensure the tenure purchased from the Retirement Village is formalized and secure.
OUR FIXED COST: $500 + GST **
** Should the purchase be of Freehold Title, rather than a Contractual Right to Occupy such as a Lease or Licence we will need to provide a Separate Estimate involving Stamp Duty and other costs.
Most purchasers fund their purchase of their Retirement Village Unit by the sale of their own home.
We recommend we also act in that transaction, as the sale and purchase are best coordinated to occur at the same time, with payment from your sale being used to fund the purchase. Commonly we arrange for the settlement of the sale to occur at say 2 pm, with the purchase of the Retirement Village Unit to occur immediately thereafter (say at 2.30). Cheques from the sale can be arranged to be provided by your purchaser which are then passed straight on to the Retirement Village Operator’s solicitors, with any balance being banked into your personal account.
OUR FIXED FEE TO ACT IN THE SALE: $590 + GST
Should you have any queries about our services, cost structure, or about the process feel free to contact us on 1800961622.