Occupation Right Agreement

This is any written agreement that confers on any person the right to occupy a residential unit within a retirement village.
The Occupation Right Agreement may be titled exactly that or
have one of the following titles

•   Licence to Occupy
• Unit Title
• Rental in an apartment or cottage in a retirement village.

There may be a combination of these documents. They specify any terms or conditions to which that right is subject.

The documents you sign are a legal commitment between you and the operator. It is important that you fully understand the document and all its detail before you commit to the agreement.

The agreements set out conditions related to the
following:

• Weekly fees
• Deferred Management Fees
• Occupation
• Care facilities provided
• Resale when a resident ceases to occupy
• Matters concerning care of the property

Note that the operator must provide a copy of the Code of Practice, the Disclosure Statement, and Code of Residents' Rights.