Boutique Law Firm Sydney

Commercial Lawyer Sydney

Schedule Appointment

estate

Navigating The Sales Process – Lessons From Estate Of Madeline Cozma v Milstern Retirement Living Pty Ltd t/as Golden Lifestyles [2016] NSWCATCD 56

Navigating The Sales Process – Lessons From Estate Of Madeline Cozma v Milstern Retirement Living Pty Ltd t/as Golden Lifestyles [2016] NSWCATCD 56

Disputes between operators and former occupants  can arise during the sale of an interest in a retirement village premises, especially when that sale period is prolonged.   This case explains certain rights and responsibilities that arise during that sale process, and provides a reminder that the NSW Civil & Administrative Tribunal can waive or reduce departure fees payable to an operator if it considers the operator has caused or contributed to a delay in entering into a new village contract with an incoming resident.