Faircape Retirement
Faircape Retirement luxury villages offer a complete lifestyle experience for the discerning life-rights holder. A strong sense of community and companionship is our biggest priority.
Bridgewater Manor
Somerset West, Western Cape
Clé du Cap
Kirstenhof, Cape Town
Heritage Manor
Somerset West, Western Cape
Noordhoek Manor
Noordhoek, Cape Town
Onrus Manor
Onrus, Overberg
Tokai Estate
Tokai, Cape Town
Ownership Model
Life Rights schemes are utilised by Faircape Retirement. With a Life Rights scheme, the holder has the right to occupy a specific property for the remainder of their life.
Cost-effective
On top of there being no transfer duty or VAT payable on Life Right units, holders also bypass legal fees and are promised fixed levies. Included in this promise is the assurance of no special levies for the remainder of their lives.
Life Right holders’ rights are protected
The Retired Persons Act provides a number of prerequisites for the benefit and protection of the Life Right holder, including levy transparency, restrictions of alienation and restrictions on the developer in respect of receipt of consideration.
Enjoy the pros of owning without stress
Residents enjoy similar privileges to that of Sectional Title owners, however, the developer remains the sole owner of each unit and therefore carries the responsibility of external maintenance as well as the upkeep of the Village and its facilities. This relationship ensures that all facilities are kept to the highest standard.
Quick registration
There is no need to register with the Deeds Office each time the Life Right transfers from one holder to another. Provided the unit is not in need of refurbishment, this allows for the new
Life Right owner to take occupation in as little as a few days. Say goodbye to the complicated paperwork and/or lengthy delays often experienced with Sectional Title transfers.
Reviews
Contact Us
For sales enquiries contact our Sales Manager, Candice on: 021 815 5700 or
082 460 9221 and candicev@faircape.co.za
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