Web Ref No RL4931

When purchasing a Life Right, you have the sole and exclusive use of a property for the remainder of your or your spouse's/ partner's life.

A Life Right is sold under a secure legal structure and even though legal ownership is not physically transferred to the occupant, the Life Right essentially provides the occupant with all the legal protections of full ownership of the property during their lifetime.

There is no transfer duty or VAT payable on the purchase of a Life Right.

When purchasing a Life Right, the Life Right owner has the right to use the property for the remainder of their life. When the Life Right terminates, which is either on the passing of the Life Right holder, or if they move out of the Rivers Rest Life Rights Village community, the original capital sum or a portion thereof is returned to the occupant or their estate.

Rivers Rest Life Rights Village is always incentivized to maintain the high standard and upkeep of the property to ensure overall property capital appreciation, keeping the interest of the operator and the resident aligned.

Life Right are regulated by the Housing Schemes for Retired Persons Act (Act 65 of 1988) which gives residents protection and peace of mind about their security of tenure, and their capital.