How to become a resident
We welcome anyone over 55 who is retired or semi-retired, able to live independently, but would like assistance with maintaining their home
Your own home in our village community
Becoming part of the Murray Bridge Lutheran Villages community offers financial security. What your premium actually secures, and gives you legal rights to, is a life-time occupancy according to agreed terms. We welcome anyone aged 55 years or over and retired / semi-retired (at least one of a couple must be over 55) and able to cope with the day to day running of their residence.
Make an application
Depending on demand, homes may be available for immediate occupation or applicants may be placed on our waiting list until a vacancy occurs. The initial step is to complete an application form and pay an administration fee of $50 (non-refundable) to confirm your interest to reside within the village.
Deposit and payment
You will be provided with a copy of your Residence Contract at least 10 days prior to any deposit becoming payable. At this time, we will request a $1000 deposit, to be held in a trust, and be deducted from your premium, which is payable by negotiation depending on your individual circumstances. All premium funds are to be finalised before occupation of the home.
Licence Agreement
Our homes are resident-funded which means that residents pay a premium to occupy a selected residence. The Licence Agreement (Residence Contract) sets out your legal rights in relation to your occupancy of the selected residence and the processes involved at the conclusion of that occupancy and the structure of the refund to the resident or their estate. The Licence Agreement is a legal document and as such you are encouraged to seek independent professional advice. There is a ‘cooling off’ period after signing the Licence Agreement when you may choose to withdraw from the arrangements.
Your investment
When a resident vacates, the interest-free loan (premium) made to Murray Bridge Lutheran Villages will be proportionally refunded to you or your estate on the basis of the rates set out as follows:
Time Period | Refund Entitlement |
|---|---|
Residence vacated during settling-in period | 100% of loan |
Residence vacated in first year | 85% of loan |
Residence vacated in second year | 80% of loan |
Residence vacated in third year | 75% of loan |
After the third year | Remains at 75% of loan |
Vacating your home
A resident may vacate their home at any time by giving written notice to Murray Bridge Lutheran Homes. If a resident is in breach of any of the terms of the Licence Agreement or if, in accordance with medical advice, the home is no longer appropriate for the daily living requirements of the resident.
Important links
Properties for sale
Current properties listed for sale in our villages
Application for residency
Download and complete your residency application form
Contact us
Enquire now about becoming a resident of Murray Heights Village
