RETIREMENT VILLAGES ACT 1999 - SECT 64
Units not sold within 6 months
RETIREMENT VILLAGES ACT 1999 - SECT 64
Units not sold within 6 months
64 Units not sold within 6 months
(1) This section applies if— (a) a former resident’s right to reside in a
particular accommodation unit is not sold within 6 months after the
termination date; and
(b) the former resident has not been paid an exit
entitlement under section 63 .
(2) The former resident may engage a real
estate agent to effect the sale of the right to reside in the accommodation
unit.
(3) This section does not apply if the former resident’s right to
reside in the retirement village was terminated under section 53 (3) (d) .