General

Housing Development Scheme for Retired Persons

In compliance with the Housing Development Scheme for Retired Persons Act (Act. No. 65 as amended in 1988) and the Regulations in accordance with the specified act promulgated in the Government Gazette R1351/1989, the Oostvallei Body Corporate is responsible for the control, administration and management of Oostvallei Retirement Village. All persons who obtain a housing interest in Oostvallei automatically become members of the Oostvallei Body Corporate and thus have the right to peruse its responsibilities, as well as the right to access its records and financial statements.

The above-mentioned legal responsibilities indicate that it is the duty of the Oostvallei Body Corporate to insure the buildings in the common area, as well as the residential units, the common property and the exterior of the residential units with the exception of the exterior doors and windows and hot water cylinders – as well as to maintain and keep in proper running order all installations on the property. The Oostvallei Body Corporate must also enforce the House Rules and keep a register of its members.

In order to expedite these responsibilities the Oostvallei Body Corporate has been given the power to establish a levy to finance the expenditure related to its responsibilities; to appoint a managing agent in order to deliver the services agreed to by its members, to improve the facilities in the interest of its members – in fact to implement everything that is required to ensure effective management and administration. The Oostvallei Body Corporate also has the right to appoint a management committee at its Annual General Meeting to act on its behalf through honoring its obligations.