J106402 RS All you need to know - The Bishops Avenue AW (4) - Flipbook - Page 25
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The worked examples below are for an apartment at Riverstone Bishops Avenue with
a sale price of £3,000,000. These show how the Deferred Fee will vary depending on
how long you own your apartment and the Deferred Fee Option you choose:
If sold after 3 years:
Option 1: Deferred Fee = £360,000 (£3,000,000 x 12% (3yrs x 4%))
Option 2: Deferred Fee = £540,000 (£3,000,000 x 18% (3yrs x 6%))
Option 3: Deferred Fee = £630,000 (£3,000,000 x 21% (3yrs x 7%))
If sold after 6 years:
Option 1: Deferred Fee = £720,000 (£3,000,000 x 24% (6yrs x 4%))
Option 2: Deferred Fee = £900,000 (£3,000,000 x 30% (5 x 6%)) - cap applied at end of Yr5
Option 3: Deferred Fee = £1,050,000 (£3,000,000 x 35% (5 x 7%)) - cap applied at end of Yr5
If sold after 9 years:
Option 1: Deferred Fee = £840,000 (£3,000,000 x 28% (7 x 4%)) - cap applied at end of Yr7
Option 2: Deferred Fee = £900,000 (£3,000,000 x 30% (5 x 6%)) - cap applied at end of Yr5
Option 3: Deferred Fee = £1,050,000 (£3,000,000 x 35% (5 x 7%)) - cap applied at end of Yr5
The Deferred Fee payable under each Option should be read in conjunction with the
Membership Fee payable under each corresponding Option under Riverstone’s “Value in
Choice” o昀昀ering. Please refer to Section 5 for further detail.
Whilst we hope it never happens at Riverstone Bishops Avenue, we do understand
that people can su昀昀er from what is often called “buyer’s remorse” and decide that
Riverstone isn’t right for them. With this in mind, we are willing to waive charging a
Deferred Fee if you decide voluntarily to move out and sell your apartment within the
昀椀rst year of your stay.
