LIFE RIGHTS EXPLAINED
Purchasing a life right grants you the legal entitlement to reside in your home for the duration of your lifetime, along with your partner if applicable. However, this does not confer ownership of the property. This arrangement offers significant benefits.
You save significantly upfront, spending 30% – 50% less for the same living space compared to buying. You also enjoy similar security of tenure as an owner, allowing you to bank those savings.
Since there is no need for transfer, you are not required to pay transfer duties or fees, nor VAT. These savings can therefore be deposited into your bank account.
You enjoy ownership benefits without maintenance costs. If there’s a leak or plumbing issue, we’ll fix it at no charge.
At Ryn Village, Life Rights holders are not required to pay special levies. This protects them from unexpected ownership expenses, which can be beneficial for those living on a fixed retirement income.
Under the life rights model, the Developer remains invested in the property as their asset, unlike sectional title ownership. They continuously improve and maintain the units and communal facilities to protect their value, ensuring a well-maintained estate for legal occupiers.
