Currently weighing up your retirement living options? Then it’s well worth considering the life right purchase model. Designed specifically for seniors, life right developments offer plenty of benefits to residents. Here are three things you should know about this innovative option…

1. A home for life
As the name suggests, a life right guarantees you and your spouse or partner a safe and secure home for the rest of your lives. In fact, the life right agreement is protected by an Act of Parliament and is the most secure property right in South Africa. While a life right is not a financial investment, it is an investment in a secure and stress-free retirement lifestyle.

2. Transparent costs
When you purchase a life right, you won’t have to pay transfer duty, VAT or registration fees. And by law, the first two years’ levies must be declared to you at the outset of the agreement. Another benefit to consider is that, unlike in sectional title schemes, there are no special levies in life right developments. The developer carries the costs of village upkeep, so you can rest assured that you won’t be held liable for costs relating to major maintenance projects, refurbishments or security upgrades.

3. Maintenance and management
In a life right development, the developer retains ownership of the property in perpetuity and is responsible for maintaining, cleaning, painting, gardening, landscaping and securing the village. This means you can enjoy the benefits of your home, and a lock-up-and-go retirement lifestyle, without having to worry about maintenance and upkeep.

Discover Evergreen Lifestyle
If you’d like to find out what Evergreen Lifestyle has to offer you, get in touch today on 087 808 7000 or info@evergreenlifestyle.co.za – we’d love to chat to you about our villages and our Partnership for Life promise.