LIFE RIGHTS OWNERSHIP
INVESTORS CAN SECURE LIFE RIGHT OWNERSHIP OF A QUARTET LIFESTYLE ESTATE UNIT WITH A MINIMUM INVESTMENT OF R1 100 000.
The benefits of ownership in Quartet Lifestyle Estate include:
Optional permanent residency from date of transfer.
Optional monthly rental returns from long-term letting.
Optional short-term rental returns.
Market-related capital appreciation on the asset.
1.
What are life rights?
Simply put, life rights give a buyer the exclusive right to live in a Quartet Lifestyle Estate unit and gives the life rights holder the security of tenure for the rest of their life.
2.
How are life rights regulated?
The process is clearly and legally regulated and protected by the Housing Development Schemes for Retirement Persons Act (HDSRPA) 65 of 1988, which states that life rights holders are entitled to the same rights they would have if they had entered in a registered long-term property lease.
3.
What happens if I pass on or decide to move?
When the occupant is deceased or chooses to move, the sale of the life right operates similarly to that of a house sale. The holder of the right will receive payment upon sale to the next holder, calculated at 77% of the sale value, which will be paid to their estate.
Rentals
Quartet has five suites overlooking the pool and lawns, allocated for long-term rental (>28 days). Tenants should be in healthy physical condition and over the age of 60. The rental fees vary dependant on the length of stay. Kindly contact 087 470 1213 or admin@quartethotel.co.za and ask for Jo or Corrine.
Long-term rental options are available for interested residents. Owners of vacant units have the option to add their unit into the estate rental pool for rentals and additional revenue generation.

