KRANTZKLOOF PARK ESTATE

Retirement Village



Krantzkloof Park Estate in Kloof

It is situated in the suburb of Kloof in the Upper Highway area of Durban. The retirement village comprises 24 bedsitters, one-bedroom and two-bedroom units.

\



\



Krantzkloof Park Estate

40 Abelia Rd, Kloof, 3610

What to expect

Krantzkloof Park Estate is a retirement village under the umbrella of Kloof Retirement Villages. It is situated in the suburb of Kloof in the Upper Highway area of Durban. The retirement village comprises 24 bedsitters, one-bedroom and two-bedroom units. Each resident is responsible for the internal maintenance and upkeep of their unit, as well as their own householder insurance, telephone, electricity and water costs. The Management Association Committee have established a set of Conduct Rules. These seek to provide an atmosphere of harmonious, contented living through the provision of simple behavioural guidelines

At Kloof Retirement Villages, we are committed to ensuring our residents have access to a comprehensive range of care and support services. It’s important to note that while Peace Cottage is an independent 25-room care centre, it is located on our property through a strategic partnership. This arrangement allows our residents convenient access to professional care services, assisted living, and meal services, independently operated by Peace Cottage.

This partnership is integral to our mission, providing an essential service for those in need of additional support while maintaining the independence and lifestyle benefits of living at Kloof Retirement Villages. Our collaboration with Peace Cottage exemplifies our commitment to enhancing the quality of life and well-being of all our residents.

MONTHLY LEVIES

The levy includes the following:

annual rates – life-rights schemes receive 25% discount
audit fees
insurance (including geyser cover)
access-control and perimeter security
all external common property upkeep costs including lighting, garden maintenance, wages, and uniforms
all exterior building maintenance
refuse removal

VALUE-ADDED FEATURES

Library, common lounge, laundry facilities and cooked meals available on the property.
Residents at all our retirement villages enjoy preferential discounted tariff rates at our Winston Park Care Centre should they require either post-operative, temporary respite or ongoing convalescent care.

PURCHASING A UNIT & MANAGEMENT

Residents purchase a Life Right Agreement which is governed in terms of the Housing Development Scheme for Retired Persons Act No 65 of 1988. A major benefit of a Life Right Agreement is that no Transfer Duties are payable on the purchase of a Life Right as the Title Deeds and Agreement remain the property of Kloof Rest Home Association. There is therefore no transfer of ownership registered in the Deeds Office. Purchasers of a Life Right automatically become a member of the Kloof Rest Home Association.

Members of the Management Association appoint a committee that has the responsibility of managing the retirement village as prescribed by the Act. Levies are revised annually and the Annual General Meeting is held as soon as the audited accounts become available. A portion of the income from the Resale of a Life Right is retained by the Estate to boost the Maintenance Stabilisation Fund.