Life Right occupancy at The Somerset Lifestyle and Retirement Village in Somerset West grants residents the exclusive right to occupy a unit within the village for the rest of their lives. This means residents not only secure their future accommodation but also gain access to a host of amenities and services designed to enhance their quality of life.
One of the standout features of Life Right occupancy is the sense of security it provides. Not only are you protected by the Housing Development Schemes for Retired Persons Act 65 of 1988, but residents can enjoy their golden years with peace of mind, knowing that their housing needs are taken care of. This security extends beyond physical shelter to encompass a supportive community and a range of on-site facilities tailored to meet the needs of retirees.
Moreover, Life Right occupancy offers residents the opportunity to maintain their independence while having access to assistance when needed. The Somerset offers a range of care options, including home-based care at whatever level is required and complete frail care services at the on-site Care Centre, ensuring that residents can age in place with dignity and grace.
Beyond the practical advantages, Life Right occupancy fosters a social environment where residents can forge lasting friendships and pursue shared interests. From recreational activities and fitness classes to cultural events and social gatherings, there is always something happening at The Somerset Lifestyle and Retirement Village.
A Life Right occupancy at The Somerset encapsulates the essence of retirement living at its finest. It’s about more than just a place to live; it’s about embracing a lifestyle filled with comfort, security, and enriching experiences. For those seeking a retirement haven where every day feels like a new adventure, The Somerset offers the perfect blend of luxury, community, and peace of mind.
The model offered at The Somerset also allows a profit share on the growth of your Life Right, so as you enjoy the lifestyle, so your Life Right increases in value. On resale at the end of your tenure, usually when you pass away, you or your estate receives your original capital outlay plus 25% of the profit made on the resale. Add to this the fact that all rates and taxes and building insurance are included in your monthly levy, along with a food component, unlimited wi-fi, 24hr emergency call service, external building maintenance, basic health and wellness checks, plus 5 days respite care in the healthcare centre per annum, security, and use of all amenities, you realise how we simplify retirement living for you.
An added advantage at The Somerset is that, as we are still developing, we will custom build your choice of Life Right cottage in Phase 6, with minor interior adaptations and your choice of tiling, floor coverings, stove, and cupboards, all to suit your individual tastes.
Alternatively, we do, on occasion, get a cottage for resale, which, after refurbishment, is ready for occupation. The big advantage of a Life Right resale is that there are no transfer fees as it is not a property transaction. It is a contract between you (the purchaser) and the CPOA (the owner), which is registered in the attorney’s office, for a flat fee of R6 000 plus VAT. So, whether a new build or a resale, we have a Life Right to suit your needs.
To read more about our housing options at The Somerset, click here.
