J106402 RS All you need to know - The Bishops Avenue AW (4) - Flipbook - Page 14
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Riverstone’s Sales
Agency Fee
− 1.25% of sale price plus VAT, whether you instruct us as sales
agent alone or alongside your own choice of sales agent
− You can appoint up to two sales agents on the sale of
your property
− You do not have to use Riverstone as a sales agent. If you
don’t, you need to pay the Administration Fee of £550 plus VAT
Unpaid charges
− We will collect any unpaid amounts which you owe under the
lease when you or your representatives sell your apartment.
This includes unpaid Membership Fees
− You continue to pay the Membership Fee until your apartment
is sold
Redecoration and
refurbishment
− 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 home contents insurance
Sinking fund
There is no ‘sinking fund’ at Riverstone. 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