Legal structure and Mortgage

Legal status of your property

It is important you to understand the nature of the agreement that  you are entering with us as a resident of the  retirement village , The main legal structures or type of agreement that operate between residents hereinafter call the Resident and the Operators  of the Happy Valley Retirement Village herein after call the Operator . The agreement between the Residents and the Operator will be lesser and lessee agreement with special clauses on possession, mortgage and behavioral patterns, services and termination of residence. The other important clauses will be on using common facilities and services supplied by the village and discipline in public life.

Lease

The arrangements made between the operator and the resident or potential resident will be  set out in written contracts and legal mortgag. When you are ready to commit to residency, you will receive a lot of paperwork, including proposed contracts and mortgages.

Lessee – the resident will be given a long-term lease for a fixed term in return for payment of an up-front lump sum investment.

Lesser: the operator retains ownership of the village in this scheme. You pay an initial Investment in the form of a mortgage payment. In exchange you receive a mortgage deed on the unit and the right to share the use of the village amenities. The mortgage ends when the resident dies or gives notice to surrender the mortgage. As an outgoing resident, you are entitled to a refund of the mortgage amount and added face value. You may be required to pay any recurrent charges until the lease is finalized.

Legal

Our lawyers will be advise you on all the terms and conditions outlined in retirement village contracts, explaining your rights in relation to them and making sure that your expectations are met. Get legal advice early!

Payments

There won't be any initial entry price when you move in and during your stay and perhaps other than the monthly service fee for meals and services.

Money back

You can take your money back if you are not satisfied with our service and leave us due to various other reasons. All the money will be pay back and the mortgage will be cancelled. We will pay the agreed amount whenever you wants to leave the village.

Legal advice

Harvard Law Associates will provide all the legal advises to you in relation to your agreement with us and they will do all the documentation work. The Law firm will charge a moderate  fees as other law firms do.