All you need to know - Riverstone Fulham - Flipbook - Page 22
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The worked examples below are for a property with a sale price of £1,700,000. These show
how the Deferred Fee will vary depending on how long you own your apartment:
• If sold after 2 years: Deferred Fee = £136,000
(£1,700,000 x 8% (2 x 4%))
• If sold after 2 years and 91 days: Deferred Fee = £152,953
(£1,700,000 x 8.99% (2 x 4% + 91/365 x 4%))
• If sold after 8 years: Deferred Fee = £476,000
(£1,700,000 x 28% (7 x 4%))
• If sold after 9 years: Deferred Fee = £476,000
(£1,700,000 x 28% (7 x 4%) – cap applied)
What does the Deferred Fee cover?
The Deferred Fee:
• Covers the cost of providing, maintaining, repairing and, where we believe is
necessary, improving the building and the wide-ranging communal amenities
• Covers payments we make to The Good Care Group at Riverstone. This allows them
to provide a best-in-class home care service at our Riverstone locations under the
partnership we have with them
• Allows Riverstone to fix the annual Membership Fee. We do this so we can give
residents complete peace of mind that their fees 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 financial advice. You need
to take into account your individual circumstances and your financial needs before
you decide to buy an apartment at Riverstone.
