J106402 RS All you need to know - The Bishops Avenue AW (4) - Flipbook - Page 34
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3.
How is my Riverstone lease different to a normal residential lease?
The key di昀昀erence is the payment of the Deferred Fee when your apartment is sold.
Riverstone believes the Deferred Fee fully aligns your interests and ours as we make
a pro昀椀t on the resale of your property.
Our fee structure makes sure that the costs of building, maintaining and running the
Riverstone locations are covered for the long term. Please ask our client advisors for
a copy of the Lease Summary for more information.
Riverstone’s “Value in Choice” fee structure option provides you with 昀氀exibility on how much
Membership Fee and Deferred Fee you want to pay. The Options are there to provide a
choice which suits each buyer’s individual 昀椀nancial circumstances and preferences.
4.
Will the quality of the development be maintained?
Riverstone hasn’t just built Riverstone Bishops Avenue; we will also run it with your
best interests in mind. Rest assured, we want to maintain the quality of amenities
and services to the same high level as the day you moved in. We want to provide our
residents with the highest quality of amenities in London. Retirement living as it should
be. The Deferred Fee contribution covers the cost of major capital works, refurbishment
and improvements to the buildings and amenities at our Riverstone locations.
5.
Can I buy an apartment for a family member?
Of course. We recognise that some people might want to buy apartments for their
family members and our lease allows this. A family member would need to provide
details of at least one person aged 65 or over who will live in the apartment. We call
these people “designated occupiers” in our lease.
6.
What steps do I need to follow when buying a Riverstone apartment?
Our client advisors will be available to explain the di昀昀erent stages of buying a
Riverstone apartment. From the initial appointment, a tour of the residence, joining us
for an event of your choosing, meeting residents, and 昀椀nally choosing an apartment.
We’re here to help you every step of the way.
