Yaran Affordable Retirement Initiative (YARI)
Lifelong Rental Tenure for over 55s – YARI makes a Lifelong Rental Tenure much more affordable through:
No Upfront Lump Sum Payments
No Deferred Management Fees
No council rates, water rates, strata fees or maintenance costs
No other fees or charges
Keep Your Life Savings – Funds that would have been paid for a retirement village unit are available for retirees for added security, to improve their quality of life and to earn interest income.
Standard Tenancy Agreement – Tenants signs a 1-year standard residential lease with options for the tenant to renew each year for the lifetime of the tenant.
Market Rent – The rent is set to market rent initially with independent rental valuations every 4 years and Rental CPI adjustments in interim years.