Van Riebeeckshof Homeowners Association

Budgets & levies

What the levy is, what it pays for, how it has changed, and how to pay it.

The levy is the association’s only real income. It pays for security, the environment, administration and the valley NPC. There is no profit motive: the budget is set to break even.

Single erf
R330 per month (2025/26)
Complex unit
R165 per month (2025/26)
Annual payment
5% discount if paid upfront for the year
Levy year
1 March to 28 February

Confirm the current rate before you pay. The 2026/27 rate is set at the AGM and appears on your Nolands invoice. The figures on this page are the published 2025/26 rates; the managing agent has the live number on 021 943 4340.

Levy history

From Single erf Complex unit Change
March 2023 R272 R135 +6.9%
March 2024 R300 R150 +10%
March 2025 R330 R165 +10%

Before 2022 the levy had been unchanged for three years; the 2022 increase was 5%.

Where the money goes, 2026/27

Category Budget Share
Security R978,126 51%
Administration R289,885 15%
Donations & NPC membership R229,610 12%
Environment & architecture R212,312 11%
Capital projects R190,000 10%
Consulting & legal R20,000 1%
Total expenditure R1,919,933

Total income is budgeted at R1,920,128, levies of R1,867,117 plus interest. Reserves carried forward: R307,524.

Security within that line includes the ADT contract (R666,917), licence-plate camera data and monitoring, the electric fence maintenance agreements, and the new monitoring and connectivity contracts.

How to pay

Levies are invoiced monthly by Nolands. Banking details appear on the invoice, and debit orders are arranged through the managing agent. If you change address or bank, tell Nolands, the association’s contact list is only as good as what members send in.

Arrears

A clearance certificate is needed to transfer a property, and it is only issued when the levy account is up to date. Interest is charged on arrears at a rate set by the trustees. If you are struggling, speak to the managing agent early, it is a far better position than a clearance hold-up at the transfer.

2026/27 budget (PDF)   Audited statements