Monarch Eco Village
MATURE LIFESTYLE ESTATE 
 

FAQ - Monarch Eco Village

Are there any additional costs over and above the purchase price that I need to pay? 

  • No Transfer fees payable, but Attorneys costs apply. Should extra items be required, cost of these will apply. 


Are there any restrictions on the number of guests staying over?

  • The ACT stipulates that only the registered occupant(s) may reside in the unit permanently, provided you are over 50 years of age. If you have visitors staying over, you need to obtain permission from the Management Committee. 
  • Maximum number of visitors permitted - 2x adults and 2-3x children at any one time. If they stay longer than 7 days, permission is required. 


Are we allowed to make any changes to the retirement unit?

  • Yes, with the permission of the Developer you may make internal alterations to the unit. Alterations are restricted to a few basic changes. Changes to the exterior of your unit are not permitted. 


Are there social activities at the Retirement Village? 

  • An entertainment area and convenience shops are planned. 


Are we allowed to bring our pets with? 

  • Monarch Eco Retirement Village is designed to be a pet free village due to the natural environment (nature reserve). We are part of the nature conservancy on Henley on Klip. (Google Attorney R. Bregman regarding pets


What wildlife is found at the Retirement Village?

  • We have fallow deer and springbok freely roaming about. There are also slender mongooses, Cape hares, ground squirrels and many other small animals on the property.  


What will happen if I develop a medical problem? 

  • Should you require urgent medical attention, medical amenities are a mere 20-minute drive (the Vereeniging Medi Clinic and the Midvaal Private Hospital.) ER24 ambulance services are available 24/7. 


What about maintenance? 

  • The maintenance of your internal unit and courtyard is your responsibility. All other maintenance is the responsibility of the Village Management/ developer.  


What about Solar Electricity?

  • Monarch Eco Retirement Village is totally off the Eskom grid. All units operate completely on solar power. The system is backed up by gas generators to maintain consistent power supply even during cloudy and rainy days.  Tenants need to obtain permission from the Developer or Management Committee for installation of any additional electric items.


Will I be penalised for excess electricity usage? 

  • Power usage for each unit is monitored automatically. Excess usage will be charged for. 


How is the monthly Levy utilised? 

  • It is used to pay the following services:

        - Security

        - Admin

        - Refuse removal

        - Maintenance of Infrastructure

        - Garden services

        - Insurance

        - Management and audit fees


Do I still have to insure the contents of my unit? 

  • Yes, the internal contents of the unit as well as damage to doors, windows, electrical and electronic equipment is the responsibility of the occupant. 


What happens should I decide to move? 

  • Notice must be given to the Management Agent who will inform the Developer. Arrangements will then be made in terms of your Agreement to resell the retirement unit and repay what is due to you in accordance with your Agreement. 


What happens if the retirement unit has any defects? 

  • Any defects reported within 21 days of date of occupation will be promptly attended to. Latent and patent defects will be attended to by the developer as prescribed by National law. 


How often will the levies be increased and by what amount? 

  • Increases of municipal services such as water and sewerage etc. are usually the only factors which may require an annual increase in levies over and above annual inflation.


Are there storage facilities for caravans and trailers within the Retirement Village?

  • Yes.


What is Sectional Title Deed?

  • Contact Nico Venter. He will gladly explain the details regarding a sectional Title Deed.


What are the Advantages of Sectional Title ownership?

  • An owner of a unit in a sectional title scheme automatically becomes a member of the scheme’s body corporate.
  • The body corporate is the legal entity that owns and controls the common property in the sectional title scheme.
  • The body corporate is responsible for laying down the rules that have to be adhered to by all the owners.
  • The body corporate receives funds from all the owners by means of levies, which are used to pay for the expenses of the sectional title scheme.
  • The levy usually includes the insurance premiums, maintenance of the common property, wages and salaries of cleaners, security and other staff involved in maintaining the common property, as well as any water and electricity required for the common property.
  • Owners of sectional schemes usually only need to pay for their rates and taxes, insurance for the internal contents of their home and their monthly water consumption.
  • Sectional titles have a greater sense of communal life. This allows for greater interaction which means that close-knit communities can be and are usually are formed.
  • It is also perceived to be more secure. Sectional title developments generally have good perimeter and entrance security, which is usually included in the monthly levies.
  • Buying into a sectional title scheme may be more affordable than buying into freehold property.
  • The cost of living in a sectional title is often lower because the cost of maintaining the common property is shared by all the owners.
  • Sectional title units are also very popular in the rental market and are usually leased out easily.