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Retirement Housing
Retirement housing generally involves leasehold property in sheltered housing. It is intended for people over a certain age who are still capable of independent living.
If you are thinking about selling your retirement home you will need to consider any special requirements which might apply including:
- giving notice of your intention to sell to your landlord
- the payment to your landlord of a percentage of the value of the property
- the need for the buyer to be approved by the landlord
- restrictions on who the property can be sold to (often there are age restrictions)
- deductions from the sale proceeds for administering re-sales
- contributions to the scheme’s sinking fund.
At Hart Brown we can advise you on the regulations and conditions of the lease. We will deal with your landlords or their solicitors. We remove the jargon and make sure you fully understand the financial effects of your sale.
To speak to someone who can help with selling a retirement house call, email or request a call back from one of our specialist lawyers.