Archive for February 29th, 2008
Housing Development Schemes for Retired Persons Part 3
Friday, February 29th, 2008Saleof housing interests in schemes not yet completed
The Housing Development Schemes for Retired Persons Act does not prohibit the sale of housing interests in schemes which have not yet been completed. In principle, therefore, housing interests can be sold ‘off the plans’. However, if a scheme is based on sectional titles and the building has [...]
Housing Development Schemes for Retired Persons Part 2
Friday, February 29th, 2008Management of retirement schemes
The management of retirement schemes based on sectional titles or share blocks is controlled by the relevant provisions of the Sectional Titles Act and the Share Blocks Control Act. Retirement schemes based on life-rights, and which fall under the provisions of the Housing Development Schemes for Retired Persons Act, are managed in [...]
Housing Development Schemes for Retired Persons Part 1
Friday, February 29th, 2008Main features of housing development schemes for retired persons
Schemes developed for retired persons normally have attractive features not found in other developments. Many have a frail care centre which caters for the medical treatment of residents, while some schemes even offer full-time nursing care and restaurant facilities. Normally, great emphasis is placed on the physical [...]
