At Evergreen, we’re committed to ensuring that your retirement is a happy, fulfilling chapter in your life. And it’s this commitment that forms the basis of our Partnership for Life promise, which guarantees that we always act in the best interests of our residents and provide peace of mind and quality of life in retirement.

What does financial security at Evergreen look like?

The Evergreen Life Right is an investment in a secure, stress-free and fully supported retirement lifestyle. And thanks to the many benefits that this accommodation option offers, you’ll be able to plan your financial future to ensure that your savings are able to support you throughout your retirement years.

• Occupation for life
  The beauty of an Evergreen Life Right is that it guarantees you and your partner or spouse a safe, secure home for the rest of your lives. What’s more, the agreement is protected by the Housing Development Schemes for Retired Persons Act No. 65 of 1988, and the Life Right becomes an asset in your estate.

• Flexible pricing
  Because buyers find themselves in different financial positions in later life, we offer flexible pricing solutions that can be tailored to suit individual circumstances. How does this work? In the event that an Evergreen home or apartment is sold to  a resident below the list price, we simply adjust the percentage of capital returned to their estate on secession of the contract.

• Transparent costs and levies
  When it comes to a Life Right, there is no transfer duty, VAT, registration fee or capital gains tax. So all you’re responsible for is the purchase price of your new home. In addition, because the law stipulates that the first two years’ levies must be declared to you, you know exactly what to expect from the moment you sign the agreement. More good news is that there are no special levies in a Life Right development as the developer, in this case Evergreen, carries all the costs associated with the upkeep of the village. This also means that there are…

• No maintenance costs
  As the developer, Evergreen is responsible for maintaining, cleaning, painting, gardening, landscaping and securing the village. And because we continue to own the physical asset, it’s always in our best interests to ensure that our villages are kept in the best shape possible.

• Emergency capital
  Should you find yourself facing a financial crisis at any point during your retirement, we are in a position to release a portion of your capital to you to fund levies and Care Centre costs. In this instance, the capital due to your estate would be adjusted accordingly – much like it would be with our flexible pricing option.

If you’d like to find out more about how we can help you future-proof your retirement financially, our Partnership for Life promise or our villages, please get in touch with Sharon on 087 808 7000.