As in life, “one shoe does not fit all”, so at The Somerset we are lucky to be in the position to offer the option of both
- Life Right and
- freehold purchase.
A Life Right purchase is not a property transaction, and is not registered at the Deeds Office, but is a contract of use for the purchaser over a specific property linked to the lives stated on the contract. A Life Right purchase is a wonderful opportunity to have a beautiful home without all the responsibilities that go
with home ownership.
The Somerset sales team find the Life Right title has become more and more popular at The Somerset, as it is elsewhere in the world where the majority of retirement villages use this method of purchase. This does not, however, deter in any manner or form from The Somerset being a Lifestyle Village, which it is and will remain so, regardless of the ever-increasing popularity of the Life Right method of purchase.
To sum it up the great advantages of The Somerset are:
- An amazing environment in Somerset West
- Ample medical and other services on our doorstep
- Choice of residency type (ownership/right of occupation) new or resale
- Some control over design and finishing
- Stable and firm management
- An excellent range of services
- Care oversight, Home Care and a Care Centre
- Full independence if you want it
- Minimal compulsory services in the levy
- A stable levy outlook as a result of prudent financial management and the Levy Stabilisation Funds
Speak to one of our Retirement Property Practitioners on 021 810 3500 for further details on Life Right Occupation in our new Phase 6 of Life Right Cottage.
