About

Life Right

The Life Right scheme entitles Villagers to the exclusive use of a unit during their lifetime, dependent on health.

A Life Right purchase is a transaction where you and, if applicable, your spouse/partner, attain the right to live in a particular unit for the duration of your lifetime as the occupant/joint occupants.
In the case of joint occupants, the right to the unit ceases upon the death of the second occupant (spouse/partner).

ADVANTAGES OF A LIFE RIGHT:

• Life Rights ownership is an investment in lifestyle, security and peace-of-mind, whilst offering a cost-effective option of purchasing into a retirement space that caters to both your immediate AND future needs.
• The purchase of a Life Right does not involve any ‘transfer of property’, therefore no bond registration, transfer fees or VAT is payable.
• There are no transfer costs related to a Life Right purchase as there is no transfer of property taking place.
• The occupant/s will not need to be responsible for any general maintenance and upkeep.
• Upon termination of the Life Right via a) the demise of the Occupant (or the last spouse/partner) or b) the Occupant relocating outside of the Village, the right to the unit will revert back to the Pinewood Trust who can then resell it.
• The deceased’s estate / previous Occupant will receive back either the original purchase price or a portion thereof (dependant on the contractual terms in place at the time of signature to the Life Right Agreement).

Cottages

• 202 independent-living cottages (1,2 or 3-bed units)
  The cottage sizes range between 83m2 and 158m2; with a kitchen, bathroom/s, living area, patio, single-car garage and carport
• 30 assisted-living units (for existing residents who qualify for this facility)
• 12 frail-care units (for existing residents who qualify for this facility)

For further information regarding pricing/levies, please click on the following link.

For further information regarding the Waiting List or an application, please send an email to pinewaitlist@gmail.com.