All you need to know - Riverstone Fulham - Flipbook - Page 12
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Redecoration and
- You need to redecorate the apartment in the 12 months before
refurbishment you sell the apartment
- Y
ou don’t have to refurbish the apartment (e.g. replacing
bathrooms and kitchens) but we can arrange this if you want us to
Subletting
You’re not allowed to sublet or rent out the apartment
Insurance
OperatorRiverstone will take out buildings insurance, employer’s liability
insurance and public liability insurance. The cost is included in
the Membership Fee
ResidentsResidents need to arrange their own home contents insurance
Sinking fundThere is no ‘sinking fund’ at Riverstone Kensington. We pay for
all major repair works using contributions from the Deferred Fee
which we charge you when you sell your apartment. No extra
costs will fall on residents
Restrictions on selling - All apartment sales have to be at open market value
-Buyers need to specify one person aged 65 and over who will
live in the apartment
-We do not have any contractual rights in the lease to buy back
the apartment from owners
We will always encourage you to discuss your housing options with your family
and friends. You should also get independent financial and legal advice before you
decide to buy a Riverstone apartment. You will also need to use a solicitor when it
comes to buying an apartment from us.
We are members of the Associated Retirement Community Operators. As Approved
Operators, we aim to comply at all times with the ARCO Consumer Code.
