All you need to know - Riverstone Kensington - Flipbook - Page 12
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Care costs:
Emergency call
Emergency call response is covered by the Membership Fee
Home care
Details of The Good Care Group at Riverstone’s services are
available from our client advisors
Nursing care
Nursing care is not provided
Selling your apartment
Deferred Fee
(‘Event Fee’)
- We calculate the Deferred Fee as a percentage of the sale
price. We do this by accruing a 4% charge for every year that
you own the apartment. This charge is capped at 28%
- We charge a Deferred Fee when you or your representatives
sell the apartment after the original occupants stop living there.
We refer to the original occupants as “designated occupiers”
Administration Fee
£550 plus VAT. Riverstone will not charge the Administration Fee if
you appoint us as sales agent when you sell your apartment
Riverstone’s
Sales Agency Fee
- 1.25% of sale price plus VAT, whether you instruct us as sales
agent alone or alongside your own choice of sales agent
- You can appoint up to two sales agents on the sale of your
property
- You do not have to use Riverstone as a sales agent. If you don’t,
you still need to pay the Administration Fee of £550 plus VAT
Unpaid charges
- We will collect any unpaid amounts which you owe under the
lease when you or your representatives sell your apartment.
This includes unpaid Membership Fees
- You continue to pay the Membership Fee until your apartment
is sold
