(a) A person may not begin residency in an assisted living home unless a representative of the home and either the person or the person's representative sign a residential services contract that complies with the provisions of this section. Upon the signing of the contract, the home shall give the resident and the resident's representative, if any, a copy of the contract and place a copy of the contract in the resident's file.
(b) A residential services contract must
(1) specifically describe the services and accommodations to be provided by the assisted living home;
(2) set out the rates charged by the home;
(3) specifically describe the rights, duties, and obligations of the resident, other than those specified in this chapter;
(4) set out the policies and procedures for termination of the contract as provided for in this chapter;
(5) state the amount and purpose of any advance payments required by the home; and
(6) set out the home's policy for refund of advance payments in the event of termination of the contract or death of the resident.