1. Life Right Ownership is a very widely practised form of retirement home sales worldwide.
2. The Somerset’s Life Right Ownership offers a flexible range of pricing and contracts. This allows for a capital contribution that suits you.
3. There are no transfer costs attached to a Life Right purchase as there is no transfer of property taking place.
4. The Life Right purchaser is not liable to pay rates and taxes to the municipality.
5. Consequently, there is no Value Added Tax (VAT) on your Life Right purchase.
6. Buyers are protected under the terms of the Housing Development Schemes for Retired Persons Act. Therefore, buyers have the security of knowing that their right to occupation is protected by law.
7. At the time of sale, all levies must be contractually fixed for the first year and estimated for the following two years.
8. Included in your levy is the external maintenance of your home, building house insurance and rates.
9. In addition, the Life Right property owner is the Cape Peninsula Organisation for the Aged (CPOA), a non-profit organisation with a 65-year track record in caring for the aged.
10. Furthermore, Life Rights purchased from CPOA can be traded with Life Rights in other CPOA villages. This is a service unique to the CPOA, and made possible due to the fact that the organisation has a large number of residential developments throughout the Western Cape. Terms and conditions apply to these trades.

All floor plans are indicative, layouts and details may vary from plan to pl