All you need to know - Riverstone Kensington - Flipbook - Page 25
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How can you help with marketing for resales?
If you use Riverstone as sales agent, you will have access to the following Riverstone
marketing services:
• We actively manage our database of interested parties any waiting lists. We would
always look to match potential buyers to those sellers who use Riverstone as sales agent
• Our marketing team actively advertise and promote our locations and available
apartments across London. We look for the best local and national advertising spaces
and we’re also involved in ongoing PR activities and local mailings and events
Are there any pricing and other sales restrictions?
We want to protect the value of your apartment and other apartments at Riverstone
Kensington. This is why our lease doesn’t allow the agreed price to be less than “open
market value”, and we can block sales below this. Our lease describes “open market
value” using the RICS Red Book de昀椀nition of market value. Our lease does allow you to
gift the apartment to a friend or family member, or pass it to someone in your will. For
gifts like this or sales at below open market value, we calculate the Deferred Fee using
the open market value of the apartment.
Riverstone is operating a retirement community at Riverstone Kensington. This is why, when
you sell your apartment, every buyer has to provide details of at least one person aged
65 or over who will live there. We call these people “designated occupiers” in our lease.
We require all intending occupiers to have an introductory conversation with a Riverstone
Wellbeing Ambassador. Please ask our client advisors for a copy of the Lease Summary for
more information. This explains how we control who can live at Riverstone Kensington.
One of our client advisors needs to be involved in every resale process. This includes
sales viewings, whether you choose us as sales agent or not. This is important because
we need to make sure that information given to buyers is accurate and not misleading.
We also need to make sure that the Riverstone retirement living concept has been
properly explained to buyers. Where you do not choose us as sales agent, we will
charge a 昀氀at Administration Fee of £550 plus VAT to provide this service. Where you do
choose us as sales agent, we will not charge the Administration Fee.
