Retirement Apartments Near Me? Find UK Retirement Apartments For Sale

Put simply, retirement apartments are available to people of a certain age.  Also, this is usually for those aged 60 or over. You can find property marketed for over 50s or the over 55s.  Furthermore, this will depend on the developer of the retirement apartments. They are intended for people who can live independently. As a result, they might want to live near people of a similar age.  Hence the age is put on the property is because the property is in a designated community for ‘older people’.  There are various types of homes available for each age range. Most retirement apartments are sold on a leasehold basis. This means you have a tenancy granted for a long period of time. For example 99 years. Many new-build retirement apartments now come with 999-year leases. Leaseholders usually pay a regular service charge. This covers the cost of services provided by, or on behalf of, the freeholder. This can be a significant expense, particularly in retirement apartments. You will certainly find that most retirement apartment schemes tend to be managed by the landlord. Or they can be managed by a third party manager appointed by the landlord. Furthermore, you can find out more about buying a retirement property with Age UK.