All you need to know - Riverstone Kensington - Flipbook - Page 14
Key facts snapshot
Redecoration and
refurbishment
12
- You need to redecorate the apartment in the 3 months before
you sell the apartment
- You don’t have to refurbish the apartment (e.g. replacing
bathrooms and kitchens) but we can arrange this if you want us to
Subletting
You are not allowed to sublet or rent out the apartment
Insurance
Operator
Riverstone will take out buildings insurance, employer’s liability
insurance and public liability insurance. The cost is included in
the Membership Fee
Residents
You need to arrange your own home contents insurance
Sinking fund
There is no ‘sinking fund’ at Riverstone Kensington. We pay for
all major repair works to the common parts including amenity
spaces (but not individual apartments), refurbishments and
improvements using contributions from the Deferred Fee which
we charge you when you sell your apartment. No extra costs will
fall on residents
Restrictions on selling - All apartment sales have to be at open market value
- Buyers need to specify one person aged 65 and over who will
live in the apartment
- We do not have any contractual rights in the lease to buy back
the apartment from owners
Riverstone’s “Value
in Choice” fee
structure
We recognise the importance of o昀昀ering choices which cater for
each buyer’s 昀椀nancial circumstances, preferences and
perception of value. This is why we have created Riverstone’s
“Value in Choice” o昀昀ering
- It is your decision as to which Option you choose – each has
its own Membership Fee and Deferred Fee structure which we
