A retirement home – sometimes called an old people’s home or old age home, although old people’s home can also refer to a nursing home – is a multi-residence housing facility intended for the elderly.
Typically, each person or couple in the home has an apartment-style room or suite of rooms. Additional facilities are provided within the building.
This can include facilities for meals, gatherings, recreation activities, and some form of health or hospice care.
A place in a retirement home can be paid for on a rental basis, like an apartment, or can be bought in perpetuity on the same basis as a condominium.
A retirement home differs from a nursing home primarily in the level of medical care given. Retirement communities, unlike retirement homes, offer separate and autonomous homes for residents.
Source : Wiki