FAIRBANK
CRESCENT

Retirement Villages in Queensland are required to have a website and
a Village Comparison Document (VCD) (DOCX, 263KB) for
prospective residents to review. This document will enable you to
view and compare features of different villages.

The VCD gives general information about the retirement village
accommodation, facilities and services, including the general costs of
moving into, living in and leaving the retirement village. This form
replaces the Public Information Document that was used for residents
prior to the 1 February 2019.

When you find a village that you are interested in living in, you can ask
the scheme operator for a Prospective Costs Document (PCD)
(DOCX, 240KB). This document must be provided to you at least 21
days before you decide to enter into a contract. The PCD refers to a
specific unit in the retirement village and gives details about:

• the costs of entering village
• the current ongoing costs of living in the village
• the estimated costs when you will leave your unit after years 1, 2, 5
  and 10
• the estimated exit entitlement you will receive if you leave this unit
  after 1, 2, 5 and 10 years.

You may be asked for further information by the scheme operator to
assist in the completion of the PCD.

By law, you must have a copy of your residence contract, VCD and
PCD, the village by-laws and any other required documents for at
least 21 days before you and the operator enter into the residence
contract.

This gives you time to read these documents carefully and seek
professional advice about your legal and financial interests.

It is important that you understand the information in the PCD. Please
note that the PCD is not a substitute for the full terms of your
contract and it is strongly recommended that you seek independent
legal advice.

A residence contract is a legal agreement between you and the
retirement village operator.

It gives you information about your rights and responsibilities to live
in the retirement village as well as those of the operator.

The contract gives you information about using the shared facilities
and access services of the village, and also explains the process on
how your place in the retirement village can be sold or transferred.

Read more about a residence contract

ou will need to accompany the operator when they complete an
inspection and an entry condition report of the unit you intend to
purchase. The operator needs to complete the report to the best of
their knowledge.

The operator must provide the entry condition report to you within 7
days of occupancy. You have 14 days to complete your section of the
form and return a signed copy to the operator.

View the Retirement villages entry condition report
(PDF, 918KB).