Review a retirement village contract and disclosure statement and prepare the resident's issues report
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Extract the contract and disclosure statement terms into a clause-by-clause table against the state's statutory disclosure requirements, and draft the issues report and the cancellation-date calculation for the lawyer to revise.
- What the lawyer must review
- Check the extracted terms against the executed documents, confirm the cooling-off and any settling-in date against the current Act for the jurisdiction and the contract type, and advise on the deferred management fee and reinstatement exposure yourself.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | Extract the contract and disclosure statement terms into a clause-by-clause table against the state's statutory disclosure requirements, and draft the issues report and the cancellation-date calculation for the lawyer to revise. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm the instructions, the jurisdiction and the complete relevant material before starting.
- Check the extracted terms against the executed documents, confirm the cooling-off and any settling-in date against the current Act for the jurisdiction and the contract type, and advise on the deferred management fee and reinstatement exposure yourself.
- Check the output against the source documents named in it before it is relied on.
Forms and precedents for this task
| Form or precedent | Kind | AI use | Summary |
|---|---|---|---|
| Letter of advice to a prospective retirement village resident on the village contract and disclosure statement (NSW) | Letter | AI use Yellow | A letter of advice to a prospective resident on a NSW retirement village contract and disclosure statement: what is being bought, the costs in and out, the 14-day rules, the 7 business day cooling-off, the 90-day settling-in period and issues to raise. |
Signed-in accounts can read the full text of each one. All precedents.
Sources
- https://www.business.qld.gov.au/industries/housing-accommodation/retirement-village-operators/operating-retirement-village/documents-contracts · 2026-09-27
- https://www.consumer.vic.gov.au/housing/retirement-villages/choosing-a-retirement-village/cancelling-a-retirement-village-contract · 2026-09-27
- https://www.consumer.vic.gov.au/licensing-and-registration/retirement-village-operators/retirement-village-reforms · 2026-09-27
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.