residence right definition
residence right of a person means the person’s right to occupy residential premises in a retirement village, being a right arising from a contract - … (b) under which the person purchased shares entitling the person to occupy the residential premises, or (c) in the form of a lease, licence, arrangement or agreement of any kind, other than a residential tenancy agreement in [certain forms excluded from the operation of the RV Act] … “.
residence right means a right of a resident to use residential hostel or hospital accommodation or other services provided for a retirement village (not being a service provided in a residential care facility) which is created or arises by or under a contract whether the right is expressed as an interest in land or a licence or arises because the resident becomes the holder of shares in a company which provides accommodation or services for a retirement village;