Unlike a traditional property investment you never actually own the unit but have a loan-lease/loan-licence arrangement. Essentially you buy the “right to reside” in the home on a lease or licence, and Respect owns the land and home. To get a better understanding of how it all works, you can reach out to our Customer Relationship Consultants to explain it to you in detail.
Frequently Asked Questions
Aged Care
What is a retirement village?
Decision Making
What makes The Terrace different from other retirement communities?
Decision Making
How will my life change if I move into a retirement village?
Finances
Do I own my unit?
Lifestyle
Is there caravan storage?
Lifestyle
Can I bring my pet to a retirement village?
Lifestyle
Can I make changes to my home?
Finances
What is the maintenance fee?
Aged Care
Who makes the rules for retirement villages?