This form must be used where the operator and former resident (or the resident’s representative) can’t decide on a licensed valuer (valuer) to value the resident’s unit at least 80 days before the resident is due their exit entitlement.
About this form:
This form must be used where the operator of a retirement village and a former resident/s (or their representative) can't decide on a licensed land valuer (valuer) to determine the value of the resident’s residential premises (unit) at least two months before the payment deadline.
The payment deadline is the date when an operator must:
- pay an exit entitlement to a resident, or the person entitled to it (section 29 of the Act); or
- enter a contract for, and complete, the purchase of residential premises (Part 3A of the Act).
For more information about appointment of a valuer: www.consumerprotection.wa.gov.au/rvexit
Steps for the operator
- Fill out sections 1-4 of the form.
- Prepare, clearly label and attach the documents listed in the checklist.
- Give this form and relevant attachments to the resident/s to review and complete the declaration.
- Once the resident/s have completed the declaration, lodge the form according to the lodgement information on page 5.
Steps for resident
- Consider the information in this form carefully.
- Complete the declaration at section 5.