With 6 seniors communities spread across the Western Cape, Faircape Life Retirement has the home for you!
We offer ultra-modern, pet-friendly homes on a Life Rights basis and boast industry-leading facilities in our retirement villages and healthcare centres.
We have everything you could possibly need, and want – Discover the pinnacle of luxury retirement living at Faircape Life Retirement Villages.
Our Retirement Villages
Benefits of retiring at Faircape Life
Faircape Life offers a strong sense of community, and companionship is at the heart of all that we do.
We take care of every aspect of your retirement journey.
Life Rights Simplified
Acquiring a Life Right in a Faircape Life Retirement Village is acquiring the key to the next chapter of your life.
It gives you the right to occupy a chosen home for the remainder of your and your spouse’s life. While ownership of the property remains with Faircape, Life Right holders enjoy similar benefits to Sectional Title owners and are governed and protected by the Housing Schemes for Retired Persons Act of 1988.
Upon termination of the Life Right, you, or your estate will receive the capital sum initially invested, minus the percentage agreed to when the Life Right was acquired.
On top of there being no transfer duty or VAT payable on Life Right units, you also bypass legal fees and are promised fixed levies in that they will only ever increase by CPI. Included in this promise is the assurance of no special levies for the remainder of your life
LIFE RIGHT HOLDER’S RIGHTS ARE PROTECTED
The Retired Persons Act provides a number of prerequisites for the benefit and protection of the Life Right holder, including levy transparency, restrictions of alienation and restrictions on the developer in respect of receipt of consideration.
There is no need to register with the Deeds Office each time the Life Right transfers from one holder to another which means you are able to take occupation of a unit as soon as refurbishment has been completed! Say goodbye to the complicated paperwork and/or lengthy delays often experienced with Sectional Title transfers.
Get in Touch
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