All you need to know - Riverstone Kensington - Flipbook - Page 22
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3.
Selling your apartment
What is the Deferred Fee?
We charge the Deferred Fee only when you or your representatives sell the apartment
after the original occupants stop living there. We refer to the original occupants as
“designated occupiers” in the lease. We take the Deferred Fee from the amount you or
your representatives receive when you sell the apartment.
The Deferred Fee is a percentage of the sale price and we calculate this by accruing a
4% charge per year of ownership. The Deferred Fee will never be more than 28% of the
sale price. Riverstone will only charge the Deferred Fee for the actual number of years
and days that you own the apartment.
End of year
Percentage charge
per year
Cumulative percentage
charge
1
4%
4%
2
4%
8%
3
4%
12%
4
4%
16%
5
4%
20%
6
4%
24%
7
4%
28%
8
0%
28%
9
0%
28%
10
0%
28%
