What Are Life Rights?
A life right is a contract that allows retirees to purchase the right to live in a retirement village for the rest of their lives, while the developer retains ownership of the unit. Upon the retiree's death, the right is returned to the developer, who will assist to resell the unit.
Unlike traditional property ownership, when you enter a life rights agreement with the developer Lifestyle Edge, you're purchasing the lifelong legal right to occupy your home. If you ever want to relocate, you may resell this right, but it is not transferable to another person.
Protected By Law
Secured by the Retired Persons Act
Secure Home For Life
Guaranteed housing throught your retirement
The Four Key Players
Understanding the roles and responsibilities of each party in a life right
agreement is essential for a smooth retirement transition.
The Owner
Holds ownership of the property. Grants the Housing Interest (Life Right) of their property to the Life Right Holder.
In this case, Lifestyle Edge retains ownership and manages the property on behalf of all residents.
Life Rights Holder
The recipient of the Housing Interest. In exchange for an interest-free loan in favour of the Owner, the Life Right Holder acquires the Housing Interest.
You gain the right to reside in and use the property for the duration of your life.
The Payer
The Life Right Holder or a Family Member. Responsible for making payments to the owner on behalf of the Life Right Holder.
Provides financial support to ensure smooth management of the agreement.
The Occupant
The Life Right Holder, which may include two individuals. With the Housing Interest, the Life Right Holder has the right to reside in and use the property for the duration of their life.
This may include a spouse or partner, ensuring shared retirement security.
Financial Advantages
Life rights offer significant financial benefits that make retirement living more affordable and predictable.
Most Affordable Entry
It's the most affordable way to buy into a privileged retirement lifestyle without the burden of traditional property ownership.
No Transfer
Save on up-front costs: no VAT, transfer duty, or registration costs are payable—just mandatory security deed fees.
Lower Levies
Enjoy significantly reduced monthly levies compared to Sectional Title Properties.
Included Maintenance
Lifestyle Edge maintains the exterior of the property and building insurance is included within the monthly levy.
Predicatable Costs
The developer is required by law to provide a two-year cost estimate
of all levies.
Comprehensive Healthcare & Wellness
Retirement should be about enjoying life, not worrying about healthcare access.
On-Site Medical Services
Our retirement village provides professional, round-the-clock medical care right at your doorstep. We ensure peace of mind for both residents and their families through dedicated, personalised health support.
24/7 Emergency Response
Residents can live independently and enjoy the estate, knowing that professional help is always available at the push of a panic button.
Home-Based Care Packages
Home-based Care provides a healthcare service in the comfort of your own home
Shuttle Service
A shuttle service provides safe, reliable, and convenient transportation for our residents. It offers scheduled trips for medical appointments, grocery shopping, errands, and social outings.
Pharmacy Delivery
Get your prescriptions and healthcare essentials delivered securely to your doorstep.
Lancet Labratory Depot
The Lancet Laboratories Depot at Lifestyle Edge Retirement Village provides residents with hassle-free access without the need to travel far or wait in long queues.
Meal Deliveries
Enjoy fresh meals delivered directly to your doorstep, completely eliminating the hassle of grocery shopping, cooking, and cleaning.
Edge 60/60
Coming soon
Professional Management
Lifestyle Edge Management takes care of all day-to-day aspects of the village, so you can focus on enjoying your retirement.
Security & Safety
24/7 security monitoring
Maintenance
All exterior and common areas maintained
Gardening
Pristine gardens and landscaping
Hospitality
Community events and activities
Financial Management
Levies kept in check
We work together to deliver retirement living at its easiest and best. Whatever your
particular needs are at any point in time, as a Lifestyle Edge resident, you get to relax,
put your feet up, and enjoy the fabulous facilities and amazing amenities on offer.
Common Questions