KRANTZKLOOF PARK ESTATE
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
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
- Clinic services available.
- 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.