The differences between an over 55s land lease community and conventional retirement living options include the level of personal and medical care provided and the financial and legal frameworks governing the accommodation arrangements.
Ingenia Lifestyle operates under the innovative land lease model. Residents enjoy many of the benefits of conventional home ownership along with the benefits of leasing the land, an arrangement offering an easier life, greater flexibility, and financial security.
Loan and Licence Agreements favoured by retirement villages are quite different, with terms and conditions that vary between facilities but commonly include a deferred management fee payable at the end of the tenancy. While both over 55 communities and retirement villages are designed for residents to ‘age in place’ the latter tend to have a greater focus on care for more elderly and less able residents.