This cookie policy applies globally to Lendlease Corporation Limited ABN 32 000 226 228 with its registered office at Level 14, Tower Three, International Towers Sydney, Exchange Place, 300 Barangaroo Avenue, Barangaroo NSW 2000, Australia and its related companies (the 'Lendlease Group', 'we', 'our' or 'us') and the cookies used on our website www.lendlease.com, including all country-specific websites and any other website operated by any member of the Lendlease Group ('site').
1. INTRODUCTION
Cookies are small text files that may be stored on your computer (or other internet enabled devices, such as a smartphone or tablet) when you visit a website. They help websites remember information about your visit, like your country, language and other settings. They can also help make your next visit easier.
We use cookies and other similar technologies such as marketing tags for several purposes as described more fully below, including collecting information about the number of visitors to the site and customer demographics, which is used to improve the customer experience of the site.
If you wish to remove cookies placed on your device by our site or stop our site placing further cookies on your device you can do this at any time (learn how to do this in the table below).
2. CATEGORIES OF COOKIES USED ON THIS SITE AND PURPOSES
We use the following cookies:
Strictly necessary cookies
These are cookies that are required for the operation of our site. They include, for example, cookies that enable you to log into secure areas of our site. We do not require your consent to place these cookies. Nevertheless, you may be able to block these cookies yourself on your device/ browser, but restricting these cookies is likely to mean that our site will not work as you would expect and certain functionality may be inoperable.
Non-essential cookies
Analytical/performance cookies. They allow us to recognise and count the number of visitors and to see how visitors move around our site when they are using it. This helps us to improve the way our site works, for example, by ensuring that users are finding what they are looking for easily. We use cookies to compile visitor statistics such as how many people have visited our site, how they reached our site, what type of technology they are using (e.g. Mac or Windows which helps to identify when our site isn't working as it should for particular technologies), how long they spend on the site, what page they look at etc. This helps us to continuously improve our site.
We also use Google Analytics and Sitecore Experience Platform and Database to collect information about how users interact with the site. These tools use cookies to collect information in an anonymous form, including the number of visitors to the site, where visitors have come to the site from and the pages they visited. We use the information generated by these tools to prepare reports and improve the customer experience of the site.
We have enabled Google Analytics Demographics and Interest Reporting features on the site to allow us to review information about users of the site (at a collective rather than individual level), including identifiers such as users' age, gender, interests, and other categories based on acquisition, behaviour, and conversions metrics. We may use this information to enable us to make decisions about what information to include on the site and how to present it. We have also enabled Google Display Network Impression Reporting on the site to allow us to track how ad impressions, other uses of ad services, and interactions with these ad impressions and ad services are related to site visits to the site. We and our third-party suppliers, including Google, use first-party Google Analytics cookies and third-party DoubleClick cookies together to collect the data for the Google Display Network Impression Reporting functionality.
You may opt-out of tracking from Google Analytics and/or the Google Analytics Advertising features enabled on the site by refusing the use of cookies (see below), through configuring the Google Ad settings or by installing the Google Analytics Opt-out Browser Add-on.
Functionality cookies. These are used to recognise you when you return to our site. This enables us to personalise our content for you, greet you by name and remember your preferences (for example, your choice of language or region).
Targeting cookies. These cookies record your visit to our site, the pages you have visited and the links you have followed. This information will be used by us and third parties to make our site and the advertising displayed on it more relevant to your interests. We may also share this information with third parties for this purpose but only if you consent to such sharing.
Social Website Cookies. So you can easily "Like" or share our content, we have included sharing buttons on our site for certain social media sites such as Facebook, LinkedIn and Twitter. These cookies are set by the third party social media sites to which they relate, including:
LinkedIn
Twitter
Instagram
The privacy implications vary from social media site to social media site and will be dependent on the privacy settings you have chosen on these sites. Please refer to the relevant social media site's privacy and cookies policy for more information.
You can find more information about the individual cookies we use and the purposes for which we use them in the table below:
Cookie
Purpose
More information
Google Analytics with Google Analytics Demographics and Interest Reporting, Google Display Network Impression Reporting and DoubleClick
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ll_default_site
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Used to collect information in an anonymous form, including:
the number of visitors to the site, where visitors have come to the site from and the pages they visited. We use this information to prepare reports and improve the customer experience of the site;
through the Google Analytics Demographics and Interest Reporting functionality, identifiers such as users' age, gender, interests, and other categories based on acquisition, behaviour, and conversions metrics. We use this information to enable us to make decisions about what information to include on the site and how to present it;
through the Google Display Network Impression Reporting functionality, ad impressions, other uses of ad services, and interactions with these ad impressions and ad services. We use this information to understand how ad impressions, other ad uses and interactions with impressions and services are related to site visits to the site.
We sometimes conduct advertising campaigns using DoubleClick, a Google service.
To opt-out of analysis by Google Analytics on our site, please visit http://tools.google.com/dlpage/gaoptout, or refuse the use of cookies by selecting the appropriate settings on your browser.
Used to collect information in an anonymous form, including the number of visitors to the site, where visitors have come to the site from and the pages they visited.
We use the information generated by the Sitecore Experience Platform to prepare reports and improve the customer experience of the site.
You may opt-out of tracking from Sitecore Experience Platform by refusing the use of cookies by selecting the appropriate settings on your browser
Most browsers have cookies enabled by default. However, if you don't want to enable cookies, you'll still be able to browse the site.
If you wish to disable all cookies, you can usually opt-out by setting your browser to remove or reject browser cookies.
To disable specific cookies, you can opt-out using the opt-out mechanisms and links provided in the chart above. You can also delete cookies that have already been set through your browser settings.
Please note that if you choose to disable some categories of cookies that we use, you may experience reduced functionality or be prevented from using the site altogether.
Please note that third parties (including, for example, advertising networks and providers of external services like web traffic analysis services) may also use cookies, over which we have no control. These cookies are likely to be analytical/performance cookies or targeting cookies.
To learn more on how to disable cookies on your browser, please consult your browser "help" section or go to aboutcookies.org.
If you would like more information about how the Lendlease Group uses personal data (being information which is capable of identifying an individual) generally, please see our Global Privacy Policy.
If you have any further questions, comments or requests regarding our cookies policy or how we use cookies, you can contact us at Privacy, Keyton, Level 45, 600 Bourke Street, Melbourne VIC 3000. Or email us at privacy@keyton.com.au
3. Changes to THIS COOKIES policy
Any changes to this cookies policy in the future will be posted on this page.
We use cookies to improve your website experience. You can manage the use of cookies by clicking on the "View Policy" link. By continuing or clicking "Agree" we assume you are happy with our use of cookies.
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Will I own my retirement home?
Tuesday, 13 June 2023
When you buy into a retirement village, there are different ownership or tenure agreements to consider. Here, we explain what it means to ‘own’ your retirement home.
When you buy into a retirement village, you’re usually buying the exclusive right to reside in the home.
The ownership of your property will depend on the arrangements available in your village and the type of contract you’ve agreed to.
Usually, you’ll enter an agreement which could be a:
Leasehold
Strata title
Purple title (applicable in Western Australia only)
Below, we explain the difference between these forms of tenure and related agreements.
The sales manager at the village you’re interested in can explain in more detail and answer any questions about the specific home you’ve chosen.
Leasehold
Our most common agreement is a leasehold contract. This gives you the exclusive right to live in your home and most of our leasehold contracts offer a 99-year lease (unless you choose to enter into one of our short-term leases). With this model, the village operator owns the title to your home, but you have exclusive possession of your home and your right to reside remains in place even if a new owner buys the village. The lease agreement would usually also include a right to use communal areas and facilities of the village.
With a leasehold contract, you’ll still pay an ingoing price and a monthly service fee during your occupation of the home. You’ll also pay any exit fees or other applicable fees, depending on the type of contract you choose.
Strata title
In a strata titled village, you will be able to own the freehold title to your home. You will also own a share in the common property (if any) and as a lot owner you will also be a member of the body of strata lot owners/the owners corporation. There will be a manager of the strata scheme/owners corporation to manage the common property (this will either be the retirement village operator or an external third party).
With a strata titled unit, you’ll still pay a purchase price on entry plus a monthly service fee (which will likely be in addition to a strata levy/owners corporation fee) during your occupation of the home. You’ll also pay any exit fees or other applicable fees, depending on the type of contract you choose. You will also be required to pay stamp duty and Titles Office registration fees when you purchase a strata unit.
Purple title (Western Australia only)
If you buy into a purple title village, you will acquire an undivided share in the whole of the retirement village land as a co-owner with other residents and sometimes with the village operator. This means you do not own your residential unit, but rather have a residency right to your residential unit linked to your ownership of a share of the whole village land. Residents in this type of village would enter into a purchase contract to buy their undivided share in the village land. They will also enter into a residency deed whereby all of the co-owners grant to the resident the right to exclusive use of one of the units in the village linked to the resident’s undivided share in the village land. In this way, each can occupy a residence to the exclusion of the other co-owners of the village.
With a purple titled unit, you’ll still pay a purchase price on entry plus a monthly service fee during your occupation of the home. You’ll also pay any exit fees or other applicable fees, depending on the type of contract you choose. You will also be required to pay stamp duty and Titles Office registration fees when you purchase a purple title share in the village.
Explore your options
There are different types of ownership and tenure agreements for different types of homes and villages. The best way to explore your options is to speak with the sales manager in the village you want to move to.
No matter what the tenure is, you are always offered the protection of the Retirement Villages Act in the relevant State.
Whatever you choose, make sure you ask questions and understand your rights and obligations before signing your contract. We also recommend you seek legal and financial advice on the terms and conditions of your chosen contract type.
For more information about the lifestyle and support offered at our retirement villages, call our customer service team on 1800 550 550.
If you think your family or friends might enjoy this article, please share it with them.
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