Just as there are many different types of retirement villages services and facilities, there are many different types of tenure schemes available. St Agnes and Lourdes Village is a Loan and License arrangement, where you pay an ingoing contribution up front in return for the right to occupy the premises.
The ownership title is a license to occupy, which means that a villa remains the property of St Agnes’ Care & Lifestyle and cannot be sold, leased, rented or given away by occupants. The owner is the Catholic Church, Diocese of Lismore and the operator is St Agnes’ Care & Lifestyle.
Regardless of the tenure scheme offered at the village of your choice, you are protected by relevant state legislation. Retirement villages offering leasehold, loan/license and freehold/strata titles are governed by the Retirement Villages Act 1999/Retirement Village Regulation 2017.