Retirement Community

A retirement village is a housing complex designed for older adults who are generally able to care for themselves; however, assistance from home care agencies is allowed in some communities, and activities and socialization opportunities are often provided. Some of the characteristics typically are: the community must be age-restricted or age-qualified (50 plus), residents must be partially or fully retired, and the community offers shared services or amenities.

There are various ownership options of retirement villages older adults can choose from, for example: life right, life right with profit sharing, sectional title and full title ownership retirement property options.