According to subsection 5M(3) of the VEA, premises constitute a retirement village if:
- the premises are residential premises; and
- accommodation in the premises is primarily intended for persons who are at least 55 years old; and
- the premises consist of one or more of the following kinds of accommodation:
- self-care units;
- serviced units;
- hostel units; and
- the premises include communal facilities for use by occupants of the units referred to above.