You can keep your current home as an investment or choose to sell it. In most cases, our residents need to sell their home to raise funds for their new life with Oak Tree.
Your villa contract may be signed subject to the sale of your home (normally allowing 2-3 months for the sale to occur). If you don’t sell your home within this time frame then you, or Oak Tree, may end the contract. However, you may be able to receive an extension if both parties are agreeable.
Our Sales Consultant will work closely with you to ensure the timing of selling your home and settling on your new villa, flows smoothly. You can feel secure in knowing your $1,000 deposit is 100% refundable at any time.
All retirement village operators must work in line with specific legislation that protects the rights of residents, and because Oak Tree Retirement Village Yeppoon is located in Queensland we uphold the requirements of the Queensland Retirement Village Act 1999. In very broad terms, the purpose of this legislation is to clearly outline the rights and obligations of both residents and operators. It also aims to ensure that the operator provides you with enough information so you fully understand what those rights and obligations mean for you.
Oak Tree always places the interest and wellbeing of residents as a top priority. We are always here to answer questions and offer information upfront. You can contact us anytime or for more detailed information about the legislation, visit www.legislation.qld.gov.au or the Queensland Retirement Village Association website.
Officially referred to as a Deferred Management Fee (also known as an exit fee or departure fee) it is the most common financial structure for Retirement Villages in Australia.
This concept was originated in the 1950’s to meet the growing demand for affordable senior housing. It provides an opportunity to enjoy all the benefits of community style living at an affordable price which is recouped at your time of leaving in the form of a Deferred Management Fee.
Your Sales Representative or Village Manager can explain to you how it is calculated and the options available to you.
Guests are welcome to stay in your villa subject to compliance with the terms of your resident contract and the village rules. We require residents to let the Village Manager know, so that they are aware of some ‘new faces’ in the village.
Your grandchildren and guests are more than welcome to join you in using the village recreational facilities, as long as they are with a resident of the village and complying with the village rules.