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Estimate the costs of lease extension at www.lease-advice.org Unwelcome chickens may be coming home to roost for people who bought flats in the 1970s and 1980s on relatively short leases of 125 years. Leaseholders have rights in law to extend their leases by 90...

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The comfort and security of Retirement Living

As we get older we tend to appreciate the benefits of living in a secure environment.

Most retirement apartments and villages are designed with security in mind and include:-

  • Camera entry systems – so you can see who is at the door before you let them in.
  • Integral smoke detectors – that can detect the first signs of fire.
  • Intruder alarms – to sense the first sign of an intrusion.

And also most are linked up to a 24 hour facility providing a direct link, via telephone or a pendant to the house manager or if they are not available to a central switchboard which can obtain assistance straight away.

Some properties have a guest suite which can be used by your family and friends at a relatively small charge and well designed communal lounges that host functions or you can use to meet up with other flat owners.

Similarly to standard flats and apartments, retirement schemes are sold on long leases. Present property law in England and Wales requires that flats be leasehold, although some are sold with a share of the freehold. Legislation introduced in September 2004 does allow a new form of tenure called Commonhold, which is very popular in the States, but still rarely seen here.

Overall a good lease and a well managed and maintained property is a good investment and great way to live as long as you appreciate your rights, obligations and benefits.

Retirement living is designed to provide you with peace, comfort and security in your later years and growth of retirement developments is expected to grow by 30% by 2032, due to the increasing need.

To find a retirement flat see www.retirementhomesearch.co.uk  

This section of the website is provided to give advice, support and information about retirement living. If there are any additional subjects or information you would like included, please email them to us at info@retirement-flat-living.co.uk

 

This section includes the following articles:

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Whilst retirement-flat-living makes every effort to ensure that the articles included in the web site are accurate at the time of publication it is inevitable that, as time goes by and circumstances change, the articles may contain out of date information. Readers are strongly urged to check the content of these articles before taking any action that could have legal or financial consequences. retirement-flat-living shall not be liable for any loss, damage or inconvenience arising from inaccuracies.