Victorian Consolidated Legislation

Retirement Villages Act 1986 - SECT 32E

Purchaser and manager to enter into contract

32E. Purchaser and manager to enter into contract



(1) If an owner resident sells his or her premises in a retirement village,
the owner resident must give the manager sufficient notice of the proposed
sale to enable the manager to comply with section 19.

Penalty: 60 penalty units.

(2) Any contract for the sale of the premises of an owner resident in a
retirement village is deemed to include a provision to the effect that the
contract is conditional on the purchaser entering into a management contract
with the manager of the village on or before completion of the purchase.

(3) As soon as practicable after the contract for the sale of the premises is
entered into, the owner resident must notify the manager of the retirement
village in writing of that fact.

Penalty: 60 penalty units.

(4) If the manager of the retirement village decides not to enter into a
management contract with the purchaser, the manager must, not later than 21
days after being notified under subsection (3)-

   (a)  advise the owner resident of that decision and of the reasons for it;
        and

   (b)  apply to the Tribunal for an order declaring that the manager is not
        obliged to enter into the management contract.