Keyton | Can you rent in a retirement village?

Can you rent in a retirement village?

Monday, 06 May 2024

Bid farewell to rising rent, ‘no pets’ policies and limitations on personalising your home.

Retirement village rentals aren’t part of Keyton's offering. Instead, we have a range of contract options so you can choose what works best for you in the long run.

Giving it a go

You may be asking yourself if retirement living is right for you. Perhaps you're searching for retirement villages to rent in so you can see how it goes before you make a commitment. 

This is where our Pay As You Go contract steps in to offer flexibility and peace of mind. With this plan, you’ll have the freedom to experience retirement living, but none of the uncertainty of a retirement village rental.

A Pay As You Go contract means you'll need to put down a security deposit, pay a one-time fee to get things set up, and then cover monthly service fees and payments. It's a bit like a retirement rental, but with more possibility!

You’ll have the freedom to truly make your home your own, from welcoming your furry friend* to creating a space that reflects your unique style.

Plus, Pay As You Go takes care of the selling pressures, so you won’t need to worry about capital gains, loss of your property, or complex contracts.

*Our pets policy is dependent on the village and contract type you choose

The risks of renting

Renting in retirement can come with uncertainty, like 

  • not knowing if your lease will be renewed
  • dealing with rent hikes 
  • having to move more often than you’d like.

At Keyton, we’ve decided not to offer retirement rentals so that you have options that give you stability and peace of mind. By focusing on long term living, we help create tight-knit communities where you can put down roots, make friends and feel supported by your neighbours.

The community is very close without retirement village rentals

Finding retirement villages that rent can be tricky, and there are often eligibility clauses to consider. According to the Property Council of Australia and PwC's retirement census 2021-22, only two per cent of the villages surveyed across the country offers rentals.

Having control over where and how you live is important. Renting may mean you face restrictions on how you personalise and live in your home. Many landlords have rules against having pets and adding homely touches like hanging pictures or planting the gardens.

At our retirement villages, you can create a home that truly represents your personal taste and style - and you won't have to worry about managing property or dealing with the risks of renting.

Read more: Top tips for decorating your apartment 

An investment in you

Rentals in retirement villages may be few and far between, but don’t worry, other non-purchase options are available.

Choosing a long term lifestyle instead of renting in retirement villages offers the benefit of stability and the chance to invest in a place you can truly call home. You’ll make friends, join clubs, enjoy village amenities and be part of social events.

More than just having good neighbours; village life means you’ll have a support system around you. There will always be a group of people who've got your back, and a sense of belonging that you can only feel in a community of likeminded peers.

Being part of a village community is good for your health too! Studies show that having strong connections with others can make you happier and healthier. That's why we put so much emphasis on creating environments where people can connect and be active together.

Plenty of options to choose from

Everyone’s different – some of us prefer to plan, while others like to take things as they come. That's why, together with our Pay As You Go contract, we've created four different ways to buy your retirement home – so you can pick the one that fits your style.

Prepaid Plan

The Prepaid Plan is ideal for those who like to get everything settled in advance. You’ll pay for the price of your property as well as an upfront management fee. This means you can relax knowing this cost has been taken care of already. When it comes to leaving the village, we’ll help you sell your home at the market rate and any capital gains will be yours.

Refundable Contribution

Opting for a Refundable Contribution contract offers peace of mind, ensuring your investment is secure with an upfront refundable payment and no added management fees upon departure. Bid farewell to selling pressures, legal fees and reinstatement costs.

Deferred Management Fee

If you're eager to make the most of your retirement right now, consider a Deferred Management Fee (DMF) contract. This option allows you to delay payment of management fees until you sell, enabling you to purchase at a more budget friendly rate while retaining funds for pursuing hobbies and interests.

Different titles

There are also some Keyton villages where a resident might have a leasehold or freehold interest in the home. The options available range from village to village, so instead of searching for a retirement village to rent in, it's worth checking out the options at the village where you feel most at home.

Choose from over 75 villages across Australia

Make a confident choice

Renting in retirement can bring uncertainties and restrictions, but with our contract options, you can truly make your space your own while enjoying all the benefits of retirement living. Instead of hunting for rental retirement villages, explore our contract options and discover the ideal fit for your dream retirement lifestyle.

We're here to help you navigate your retirement options every step of the way. Once you’ve selected your preferred village location we can provide you with a Village Fact Sheet with information on costs and ownership specific to the village and the state you live in.

For more information about the lifestyle and support offered at our retirement villages, call our customer service team on 1800 550 550 or send us an email here.

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