(1) A residence
contract must not include a provision that requires a resident, while the
resident occupies the residential premises or on the resident’s
permanent vacation of the residential premises, to contribute to the costs of
all or part of any maintenance, repair, replacement or renovation of the
residential premises that would exceed or be inconsistent with the
requirements in relation to refurbishment work set out in the Code.
(2) A residence
contract must not include a provision that requires a resident, either while
the resident occupies the residential premises or on the resident’s
permanent vacation of the residential premises, to pay for any damages to the
residential premises caused by the carrying out of an alteration arranged by
the administering body.
(3) A residence
contract must not include a provision for an exit fee (including an exit fee
that is payable as a contribution to a reserve fund established in relation to
the retirement village) that is to be calculated by reference to a period of
time to be calculated on any basis other than on a pro‑rata daily basis
in respect of the applicable period of time.
[Regulation 7K inserted: Gazette 24 Mar 2015
p. 1025‑6.]