In the latest newsletter from Retirement Life, look out for Nick Letham’s insightful article on why retrospectively applying changes to contracts, including ‘ORA’ agreements, flies in the face of good law making and sets dangerous precedents for us all.
A copy of the excerpt from ‘Retirement Life’ is available for download below.
On entry, residents choose one of the two options for Weekly Service Fees
Capital Gain & Capital Loss: As a ‘Right To Occupy’ agreement isn’t a property purchase, and like most NZ retirement villages, Archer Villages do not offer residents a share of any capital gain, and any potential loss is borne solely by Archer Villages. Residents are effectively sheltered from the property market fluctuations.
On license termination date your weekly service fees reduce to 0% and the village undertake the refurbishment, marketing and resale of the villa.
Archer Trust, established in 1956, operates as a Charitable Trust with connections to the Baptist Association. Our diverse range of Retirement Lifestyle Villages and Care Homes, each offering unique services, reflects our commitment to community service.
Financial profits aren’t paid to shareholders but back into the villages and are homes and are commonly reflected in our villa pricing policy & choice of facilities & amenities.
Residents with green fingers are welcome to engage in gardening to add their own personality to the area around their villa and will be working in with the villages own professional grounds-people to keep everything looking its best.
Whether you want to speak to someone on the phone or prefer to send an email, we’re here to help guide you through any queries or questions you may have about moving into an Archer Village.
Thorrington Village & Care Home
51 Birdwood Avenue, Beckenham
03 982 1480
Linrose Village
472 Linwood Avenue, Woolston
03 420 0480
Maryville Courts Village
155 Salisbury St, Central Christchurch
03 420 0480
