New South Wales Consolidated Acts

RETIREMENT VILLAGES ACT 1999 - SECT 154

154 Time of payment of recurrent charges

(1) A former occupant may, at his or her option, either--

(a) discharge (either wholly or in part) as the liability arises his or her liability for recurrent charges that arise after the former occupant permanently vacated the residential premises, or

(b) discharge that liability (either wholly or in part)--

(i) in the case of a former occupant who is a registered interest holder (other than a person referred to in section 7 (1) (c)) in respect of the residential premises concerned--from the proceeds of the sale of the premises, or

(ii) in any other case--from the money payable to the former occupant by the operator of the retirement village under any village contract.

(2) The former occupant must notify the operator of the retirement village in writing of the option chosen as soon as practicable after permanently vacating the premises.