15Standard form of village contract—the Act, s 43(1)

15 Standard form of village contract—the Act, s 43(1)

15 Standard form of village contract—the Act, s 43(1)

(1) The standard form of village contract is the form set out in Schedule 1.

(2) The standard form of village contract is prescribed for all village contracts other than the following—

(a) a contract under which a resident of a retirement village only obtains the right to use a garage, parking space or storage room in the village,

(b) a residence contract for premises subject to a community land scheme, company title scheme or strata scheme.

Note—

A service contract relating to premises referred to in subsection (2)(b) must be in the standard form of village contract.

(3) If a contract is required to be in the standard form of village contract, the operator of a retirement village must use the standard form.

Maximum penalty for subsection (3)—50 penalty units.