What is a Residential Land Lease or Lifestyle Community?

Residential Land Lease Communities (RLLCs) or lifestyle communities offer affordable, relocatable housing to the the 55+ age group. Residents own their own homes and lease the land, paying an ongoing rent.

The homes are a far cry from the caravans of 30 years ago. Set within facilities-rich communities of like-minded people, the average manufactured home boasts all the mod cons, yet costs less than an equivalent home and land package.

By selling the family home and moving into a lifestyle community, cash poor pensioners are given the opportunity to free up equity, travel and enjoy the good life that comes with financial peace of mind.

How the RLLC Model Works

What is a Residential Land Lease or Lifestyle Community?

A residential land lease community is a community where the resident lives in a relocatable home

Homeowners own their own home and lease the land upon which their home is located via a weekly site fee. The rent/site fee is paid to the land owner/operator.

The rent/site fee covers: Management and maintenance of the community and associated facilities.

Benefits of Owning a Home in an RLLC

Financial Benefits

Ability to access Commonwealth Government Rental Assistance
No stamp duty
No body corporate fees
No council fees
More affordable entry prices

Ownership

Homes are fully owned by the resident and can be modified or improved.

Legislation Provides Security

Homeowners are fully protected by Government legislation (eg. Residential Tenancy Act (Vic), Residential Land Lease Act (NSW)).

Future Investments

Affordable entry prices mean homeowners with sufficient equity in their old homes are able to downsize and use any excess money to fund the next stage of their lives.