Life Right Model
How it works
- Residents purchase the right to occupy a unit for life, while ownership remains with the operator or scheme.
- When the resident leaves, a portion of the initial payment is refunded to their estate once the unit is resold.
- The remaining portion is retained by the operator to fund maintenance and operations.
Common Challenges
- Managing life right capital funds responsibly
- Ensuring sufficient liquidity for buybacks
- Maintaining compliance with FAIS and fiduciary duties
How Avena Wealth Adds Value
- Optimally managing Life Right Funds for capital protection, growth and liquidity
- Providing independent, FAIS-complaint investment reporting
- Ensuring regulatory compliance and governance
- Risks Management
- Offering bridging finance solutions for estates and beneficiaries
- Transparent fund management that protects both residents and directors
Avena Wealth ensures every rand held in trust for residenrs is managed transparently, ethically, and in full regulatory compliance