FAQ

1.	THE DEVELOPMENT

1.1	*Who are the developers?*
	Laeveldtrust 2001 (Pty) Ltd, Jakkie van Heerden and Dave Cruse.

1.2	*Who are the shareholders in the development?*
	Absa Corporate and Business Bank, as well as the developers.

1.3	*What is the size of the development? Where is it situated?*
	The entire development of Bateleur Estate is 200 ha, only 7 km from Absa Square in Nelspruit city centre, on The Rest Road.

1.4	*What types of property can be purchased?*
	Full title and sectional title homes; sectional title apartments and life right assisted living units.

1.5	*Will Bateleur Estate be developed in separate phases and how many stands will there be in total?*
	The development will be done in six to seven phases, depending on the demand. In total more than 1 000 stands will be developed, of which 133 will be completed in the first phase.

1.6	*Are there open areas and green zones?*
	Yes, 60 ha will be left unspoilt. The development includes 4 dams.

1.7	*Are there any age restrictions?*
	Yes. The estate is developed and targeted for the active adult market and it is for this reason that children under the age of 18 years will not be able to reside at the estate other than on a visiting basis, such as weekends, school or university holidays.

1.8	*When will the services be completed?*
	The infrastructure for Phase 1 is completed. Construction of the first houses and apartments are completed, including show houses.

1.9	*Who is the professional team involved in this project?*
	Theunissen Jankowitz Architects Van Staden & Pretorius Professional Land Surveyors Umsebe Development Planners Consolv Consulting Engineers P& L Consulting Engineers (Electrical) NKP Consultants

1.10	*Is a deposit required and what is the amount?*
	A deposit of R10 000 is required; payable into Attorney’s Trust Account at the legal firm Du Toit Smuts Mathews Phosa.

2.	FINANCES

*2.1*	*Until when is the current prices fixed?*
	Prices are subject to possible changes in 2011.

2.2	What contribution is made towards communal facilities?
	Every purchaser into Bateleur Estate will contribute a once-off payment of R30 000 which is included in the purchase price.

2.3	What happens when I want to sell?
	The Constitution of Bateleur Estate states: No erf may be transferred unless the transferor thereof furnishes a guarantee to the Home Owners Association in terms of which an amount equal to 20% (TWENTY PERCENTUM) of the difference between the original purchase price plus approved structural improvements and additions and the resultant selling price are paid to the Reserve Fund of the Home Owners Association upon transfer of the property to the transferee. This will also be applicable to the transfer of shares, member’s interest or the change of beneficiaries in ownership. In the event of an erf being transferred from a deceased estate to a surviving spouse, such transaction will be exempted from such contribution.
	In summary: 20% of the profit portion is payable to the Home Owners Association with the sale of a unit.
2.4	What will the levies for Phase 1 include?
	Security, structural insurance, maintenance of roads and outbuildings, garden services.

3.	SECURITY

*3.1*	*What will the security measures entail?*

	The estate will feature on completion an integrated security management system, which will include a 1.8 m high boundary wall on the perimeter with electric fencing; all units will be linked directly to the security control room adjacent to the main gate assuring residents of the highest level of security measures possible 24/7. A temporary electric fence will be erected around each completed phase until completion of the project. Patrolling guards will also be on duty during the construction phases.

4.	BUILDINGS

*4.1*	*Who is the architect?*
	Wouter Mocke of Theunissen Jankowitz Architects.

*4.2*	*Who is the building contractor?*
	Nelspruit Construction, which has completed many projects together with the developers.

4.3	How will the interim interest be managed?
	On registration an amount is to be paid to the developers, which accumulates interest. This will be paid quarterly, with accumulated interest.

4.4	Are transfer duties and VAT applicable?
	This is included in the total purchase price.

4.5	Will you be allowed to fence your property?
	Not in front of the house, although limited fencing will be done for keeping pets inside the properties where needed.

4.6	Are you allowed to extend at a later stage?
	Yes, within the guidelines supplied by the developers, the Home Owners Association and the architect.

4.7	Will there be an increase in building prices once a contract is signed?
	No. The price will be fixed on signing of the building contract, as well as what was agreed with the contractor.


5.	HOME OWNERS ASSOCIATION

	The estate will be registered as a section 21 company and managed by the developers for the duration of the project, where after the Home Owners Association will manage the estate.

6.	HEALTH CARE SERVICES

6.1	What will the health care services consist of?
	Level 1 – Clinic services: prevention and promotion of well being Level 2 – Home based care Level 3 – Assisted living Level 4 - Frail care: Research has shown that only 4% of residents make use of frail care.

6.2	What will be offered on completion of the first phase?
	All three levels of health care will be accommodated in an existing house after the completion of Phase 1. A comprehensive frail care centre, with three extensions, each consisting of 18-beds, will be constructed as the demand increases.

6.3	Who will manage the health care services?
	The developers and, after completion of the project, the Home Owners Association. This was decided after careful consideration and advice from the Home Owners Associations of other simmilar estates in the country.

6.4	What benefits will be offered to estate owners?
	The contribution paid by each owner as part of total cost (as per constitution) guarantees usage of the health care and frail care facilities in future. The immediate benefits are the convenience of round the clock medical assistance, home-based care after or during illness and clinic services (added costs involved).

6.5	Will outside individuals be able to utilize frail care facilities to recuperate after operations?
	Yes, but residents will always have preference.

6.6	Will there be a sub-acute facility?
	A sub-acute facility will possibly be part of a later phase.

6.7	Will an amount be included in the levy for all residents to contribute to the management of the frail care facilities?
	Yes, a minimal amount to reserve your right in the frail care centre.

6.8	Where will the assisted living units be situated?
	Adjacent to the frail care facilities.

7.	RECREATIONAL AND OTHER FACILITIES

*7.1*	*What recreational facilities will be developed in future?*
	Various recreational facilities are envisaged for the future: Walking and jogging routes across 60 ha unspoilt landscape Library Recreational hall will be available for various clubs to meet, i.e. bridge, books, sewing, arts and crafts, painting, etc. Bowls Swimming pool Tennis Gymnasium Amphitheatre A workshop for carpentry and welding Carports for caravans, trailers and boats (extra levy).
7.2	What catering facilities will be available?
	A fully functional restaurant offering meals and other refreshments to residents, including a bar area. Once again, the facility will be completed during later phases.