SIMBITHI ECO ESTATE

Frequently Asked Questions

1.       When will transfer take place?
The first batch of transfers is anticipated for May 2004.Thereafter transfers will take place in batches, as and when infrastructure reaches sites.

2.       What additional payments on purchasing?
R10 000.00 saleable debenture for club house
R10 000.00 sewerage/water connection fees
R10 000.00 approximate bond and conveyancing costs/attorneys fees
R4 000.00 levy stabilization fund

3.       Why Stabilization Fund?
To build up a fund for further capital expenditure.

4.       Are the above-mentioned payments made on all future sales?
The club debenture is recoverable by the seller from the purchaser when the property is sold to the new purchaser.
The new purchaser would pay his own conveyancing costs.
The new purchaser would not pay the sewerage and water connection fee, however would still pay the R4000.00 to the stabilization fund.

5.       Who pays electricity, water, rates etc...?
Individual owners of property pay for private water/electricity and rates. Common property water/electricity is included in the monthly levy.

6.       How much is the original levy, who is liable for it and when is first payment due?
Approximately R650 per month paid pro-rata from date of transfer by the registered owner of the property.

7.       Who will be the managing agent and for how long?
The Estate Manager is Iain Laing: Tel: (032) 525 4535

8.       Who does financing?
Mortgage SA is the preferred originator , however any banking institution of purchasers choice.

9.       Estimated completion date of estate?
Approximately 4 years..

10.   Is there a rental pool in place and are we affiliated to RCI and Holiday Club?
Not at this stage, however there maybe an opportunity which would be considered.

11.   Are religious flags allowed to be displayed?
Only under special circumstances as noted in the Resident Conduct Rules.

12.   What is the time period to commence building?
Within 2 years from 1st date of transfer.

13.   Who will approve plans?
Simbithi design review comittee consisting of the Estate Manager, Building Control Management, 2 or 3 appointed architects, a geo-tech consultant, storm-water consultant and landscaping consultant.

14.   Which builders can be used?
Those accredited by the Simbithi HOA.

15.   Are pets allowed?
Only 2 dogs less than 20kg when fully grown are allowed in the freestanding units or homes. They must not be allowed to roam freely around the estate. No cats allowed.

16.   Are there any building restrictions and guidelines?
Yes , please refer to the annexure to the sale agreement and the design and architects guidelines..

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