Advocate Avasthi Kolloori made the allegation while fighting for a R747,458 loan repayment due to a couple who gave up their life right at Wilgeheuwel retirement village in Roodepoort, on the West Rand.
The court was told that in 2007, the Van Rooyens acquired a life interest in a unit at Wilgeheuwel by lending the developers R780,000. “Once the new occupant had concluded an agreement with Wilgeheuwel, and paid the loan amount due, the Van Rooyens would be entitled to what is described in the agreement as the value of the 'life right without profit share option'.”
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