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.

Insights As To The Financial Management Obligations Of Retirement Village Operators (NSW)

The NSW Civil & Administrative Tribunal Appeal Panel has provided useful guidance in relation to several financial management issues in Sakkara Investment Holdings Pty Ltd atf Sakkara Landings Trust v The Residents Committee of The Landings Retirement Village [2016] NSWCATAP 52