Advantages: No bond registration fees, no transfer duties and no VAT payable. No rates and taxes need to be paid every month. A life-right holder may, with permission and to a certain extent, upgrade the home’s interior at their own expense and insure their household contents. You are assured of professional management of the Association’s daily operations. Affordable monthly levies are fixed and set annually.

Possible disadvantages: When the Life Right terminates, through death or other circumstances, the unit reverts to the Association, which is then entitled to resell it. Strict rules on occupancy: Only the life-right owner/s or nominated occupant may live in the purchased unit. It is important to keep in mind that the life rights transactions are exclusively cash-based and cannot be financed.