Free Guide to Occupation Right Agreements in New Zealand
Understand what you're signing before you move into a retirement villages.
Moving into a retirement village is a big decision, and the Occupation Right Agreement is one of the most important documents you’ll sign.
Our free practical guide explains the key things to understand before you commit, in plain English.
It covers how Occupation Right Agreements work, the fees and financial implications to consider, what happens when you leave, and how your agreement fits with your wider estate planning.
What’s included in the guide?
- what an Occupation Right Agreement is
- the difference between an ORA and traditional home ownership
- Deferred Management Fees and other costs
- capital gains and losses
- what happens when you leave
- repayment timing and relicensing
- transferring to another unit
- what happens if a resident dies
- Wills and Enduring Powers of Attorney
- a retirement village comparison worksheet
- a practical checklist of questions to ask before you sign
Need advice about an Occupation Right Agreement?
Every retirement village agreement is different.
If you’d like advice about a particular ORA, Carolyn Ranson can help explain the legal and financial implications and how the agreement fits with your wider estate planning.
