All you need to know - Riverstone Kensington - Flipbook - Page 26
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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 Fulham, 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.
What does the Deferred Fee cover?
The Deferred Fee:
• Covers the cost of major capital works, refurbishment and improvements to the buildings
and amenities at our Riverstone locations
• Enables Riverstone to invest in extensive and high-quality communal amenities for our
resident o昀昀ering at our Riverstone locations
• Allows Riverstone to o昀昀er 昀椀xed Membership Fee options. We do this to give residents
peace of mind that their Membership Fee won’t increase whilst they own an apartment.
This is true even if our operating costs increase
Riverstone will keep part of the Deferred Fee as a return on our investment.
Riverstone strongly recommends that you get independent 昀椀nancial advice. You need
to take into account your individual circumstances and your 昀椀nancial needs before you
decide to buy an apartment at Riverstone.
What are the ongoing charges?
You have to keep paying the Membership Fee until the apartment is sold, even if you’re not
living in it. You or your representatives have to pay any unpaid Membership Fees when you
sell your apartment.
You also need to pay for your solicitor’s sale fees and any removal costs.
