Faircape Life - Clé du Cap Sales Brochure March 2022

Clé du Cap Sales Brochure

FAIRCAPE LIFE Committed to excellence

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Contents Choose The Home You Deserve

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Age Qualification

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24-Hour Security

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Nursing Assistance

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Social Activities

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Other Services & Facilities

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Housekeeping Services

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Monthly Levies

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Advantages of Life Rights

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Village Map

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Healthcare Centre

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www.faircapelife.co.za

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Lifestyle that revolves around you Clé du Cap, meaning key to the cape, is a unique village in the tranquil suburb of Kirstenhof.

Set against the spectacular backdrop of the Constantiaberg mountain, with the ocean and the famous vineyards of constantia only a few kilometres away, it offers an exciting blend of Cape charm and stylish design.

The Village’s 141 well-appointed homes are bordered by lush gardens and are in close proximity to the clubhouse. Major shopping centres, a golf course and modern hospitals are just a short drive away.

Choose The Home You Deserve The units and cottages have two bedrooms and two bathrooms (main en-suite) with spacious living areas and modern, well-appointed kitchens. The large windows provide optimal daylight, while sliding doors lead onto generous patios.

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Number of units / cottages: 141, comprising of 2 bedrooms with 2 bathrooms

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Title: Life Right – under the Housing Development Scheme for Retired Persons Act 65 of 1988

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On resale the seller is refunded 90% of the original purchase price

Age Qualification Our village offers a tranquil, secure lifestyle for people who are 50 years and over.

24-Hour Security To ensure peace of mind, security guards are on duty at the entrance at all times. All visitors to the Village are met by them while CCTV-surveillance, electric fencing and regular patrols safeguard the perimeters. In addition, anyone wanting to report suspicious behaviour in the village can do so by calling security directly from their home telephone / intercom system.

Nursing Assistance Clinic is available to residents from Monday to Friday at a set time.

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Social Activities •

Themed lunches in the dining room

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Bus excursions to planned destinations (such as the Theatre and Winelands)

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Daily lunches

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Evening functions

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Pub evenings

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Movie evenings

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Quiz evenings

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Pool

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Table tennis

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Bridge

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Physio-fit classes

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Canasta

Other Services & Facilities •

Laundry and domestic services are available on request

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Each unit is equipped with a telephone line / intercom system that allows for internal calls at no extra cost. Future-proof Fibre Optic Cabling is in place and fibre internet is available on request

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An attractive clubhouse with lounge, dining room, bar facilities and library

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Midday meals are served daily in the dining room (private catering for functions is available)

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Shuttle service offers daily trips to nearby shopping centres

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Well-stocked library

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Hairdresser

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Games room

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Access to support staff for assessment and temporary assistance (i.e. ER24, Occupational Therapist, Social Worker)

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Faircom fibre is installed at all units. Application forms are available at reception.

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Housekeeping Services Faircape Life offers residential cleaning at all 6 villages. Our professional housekeepers give a helping hand so that you can take a break. Courteous and thorough, our housekeepers are trained to bring spring-cleaning sparkle to your home, every day of the week. Just leave the cleaning chores to us!

Housekeeping Standard Session: A standard cleaning session lasts a minimum of 2 hours and includes:

Dusting: Surfaces, fixtures and blinds

Housekeeping Services

Kitchen: All surfaces, sink, cupboard exteriors, appliances exteriors

Bedroom:

Bathroom

Floors

Linen change, cupboard exteriors

Hand basin, shower, and toilet clean

Sweeping, mopping, and vacuuming

Housekeeping Optional Extras: Optional extras require an additional 1 hour and includes: •

Windows: Interior, and exterior

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Appliances: Cleaning inside the microwave, fridge, and oven

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Cupboard: Cleaning inside, packing of cupboards

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Walls: Interior cleaning

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Laundry: Washing, ironing, and folding

Please Note: •

All cleaning equipment (broom, mop, window squeegee, dust cloths, etc.) and cleaning products (dishwashing liquid, surface cleaner, oven cleaner, window cleaner, etc.) are to be supplied by the resident.

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Optional extra housekeeping services must be booked in advance and may be booked outside of a standard session.

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The additional services are not included in the standard two hour session and an extra one hour needs to be booked per request.

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An additional cost of R15.00 will be charged for specialised chemicals to clean appliances.

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Monthly Levies (adjusted annually on the 1st of March, based on CPI) •

Property Levy: From R4 600.00 - R5 900.00 dependent on unit / cottage size (effective 1 March 2022)

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Catering Credit: R1 840.00 (this entitles residents to meals in the dining room to the value of R1 840.00 per month)

* Prices are subject to change without prior notice. * For Life Right holders under the age of 60, the PQ levy will be payable until such time as they turn 60, whereafter, the levies will be fixed and increased by the CPI in March of each year.

The monthly property levy fee covers the following: •

Maintenance of communal gardens, clubhouse and building exteriors

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24-Hour security

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Payment of communal water and electricity bills

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Management of accounts and investments

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Reception facilities

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Provision of administrative staff

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Access to the village clinic during operational times (does not include consumables)

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Provision of a transport service

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Insurance on communal buildings (residents are advised to take out their own insurance to cover all contents of their cottage)

* Please note that whilst hot water cylinders are covered by the Body Corporate insurance, in terms of The Sectional Title Act, the maintenance of such remains the responsibility of the life right holder.

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Advantages of Life Rights Advantages to acquiring a Life Right compared to traditional forms of ownership.

What is a Life Right?

A Life Right is a real right to occupy a specific property for the remainder of the holder’s life and the housing interest afforded to the holder is governed and protected by the Housing Schemes for Retired Persons Act of 1988 (“The Retired Persons Act”).

What are the Advantages of a Life Right?

There are many reasons why purchasers opt for life rights instead of traditional forms of ownership and the life rights model is a widely practiced and well recognised retirement model worldwide.

Some key advantages to a Life Right include the following: There is no transfer duty or VAT payable on a Life Right.

After the title deed has been endorsed in terms of Section 4(C) of the Retired Persons Act, it is not necessary to register with the Deeds Office every time the Life Right Holder changes.

The rights of each Life Right holder 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.

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Enjoy the privileges of ownership without financial stress.

Residents enjoy similar privileges to that of a sectional title owner however they are not subjected to any special levies. Faircape subsidizes the difference between the fixed levies collected by residents and the actual operational costs of running the village. Faircape remains liable for any extra capital expenditure ordinarily raised by way of special levies. This continuous investment ensures the upkeep of the village and its facilities to a high standard.

Quick registration Due to the fact that a new Life Right Holder does not have to be registered in the Deeds Office, from the time a Life Right Agreement is signed to the time the new resident takes occupation can be a number of days provided the unit is not in need of refurbishments. There is no need for complicated paperwork and lengthy delays that are often experienced in a sectional title transfer.

Estate planning When the Life Right terminates the estate is refunded. The funds are received much quicker than they would be if the property was a sectional title because a sectional title transfer of a deceased estate is subject to the usual lengthy transfer process in the deeds office and furthermore requires consent from the Master of the High Court which often causes further delays.

Before a sectional title from a deceased estate can even be sold, the Master must appoint an executor who is the only person authorised to sign the sale agreement on behalf of the deceased estate.The Conveyancer then submits the Power of Attorney to pass transfer to the Master who must endorse the power of attorney in terms of Section 42(2) of the Administration of Deceased Estates Act. Life Rights, on the other hand, terminate immediately on the death of a Life Right holder and the estate is paid out as soon as a new Life Right occupies the unit which can happen quickly as no Master’s consent is required.

Cost effective As already mentioned there is no transfer duty or VAT payable on Life Rights.

Furthermore there are no conveyancing fees and registration costs are minimal in comparison to a sectional title transfer. In addition to these saved costs, there is also the advantage of transparent levies and budget forecasts allowing residents to plan ahead Additional benefits when retiring with Faircape Faircape has experience in providing a successful, secure, and stress-free environment to our residents. We go the extra mile to ensure you retire with confidence.

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Clé du Cap

Fixed levies Your levies will only increase by CPI allowing you to budget your life without the stress of uncertainties.

Refurbishments Faircape will refurbish or bring a home up to our current spec. This ensures all homes are in line with modern living trends and that the village retains its standard. Should you have a specific request or any special needs this can be discussed with our sales team who will do their very best to accommodate you if possible.

Dedicated Sales Representatives Faircape has a dedicated team of sales representatives who will manage and drive the resale of your unit offering you and/or your family a convenient and efficient transfer process. We have a waiting list for all our villages which ensures a fast and efficient turnaround time.

Professional Legal Assistance Faircape has an in-house legal department consisting of registered Conveyancers who facilitate a quick and painless transfer. There are no legal fees payable by the exiting party or estate and our legal team will talk you through the process to ensure a stress-free transaction.

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FAIRCAPELIFE

Clé du Cap

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Clé du Cap

www.faircapelife.co.za

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Healthcare Centre Clé du Cap offers a fully equipped Healthcare Centre, where residents can be admitted if the need arises. The Healthcare Centre is a primary health facility and can offer additional services to residents in need of long-term, palliative, and respite care.

Admission to the facility requires completion of a pre-admission process, including a medical report, where-after admission will be granted at a set tariff. The tariff will be adjusted for the level of care required as determined by our clinical head and support professionals.

Prices range from: •

Long term rooms starting from R29 000 per month (dependent on room size and features)

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Daily Rate: R2 035.00 per day

* Prices are subject to change without prior notice. Tariffs include all meals, accommodation, domestic services and 24 hour nursing care. All medical supplies are charged to residents’ accounts. The Healthcare Centre is registered as a private Health establishment with a licence to operate as a sub-acute centre and may enable the resident to apply for compensation from his / her medical aid scheme depending on their scheme’s rules.

Contact Us Senior Nursing Services Manager Chenel Kruger Tel: (021) 701 5007

Cell: 066 480 9996 Email: chenelk@faircape.co.za Pollsmoor Road, Kirstenhof, 7945

Should you be interested in purchasing a Life Right, kindly contact: Sales Manager Candice Vietri

Village Manager Angie Massey

Switchboard: (021) 815 5700

Tel: 021 701 5007

Cell: 082 460 9221

Fax: 021 701 5012

Email: candicev@faircape.co.za

Cell: 071 104 4922

5th Floor, The Terraces, 25 Protea Road, Claremont, 7708

Email: angiem@faircape.co.za Pollsmoor Road, Kirstenhof, 7945

Information in this brochure is deemed to be correct as of March 2022 and is subject to change without prior notice.

Do a cost comparison to see how much you would save by living at Clé du Cap vs Your Current Home: Clé du Cap

Your Current Home

Monthly levy

R

R

Catering credit

R

R

Municipal rates and taxes

R

R

Electricity

R

R

Water

R

R

Garden maintenance

Included in levy

Pool maintenance

N/A - communal pool

ADT

N/A

Fibre

Starting from R399.00

Building insurance

Included in levy

External building maintenance

Included in levy

House keeping / domestic services

From R35 / hour

Gym membership

Free access

Social activities

Mostly included

Total monthly expenses

R

R

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FAIRCAPE LIFE Committed to excellence

Clé du Cap Sales Brochure_V10_01 March 2022