J106402 RS All you need to know - The Bishops Avenue AW (4) - Flipbook - Page 19
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2.
Living in your apartment
What is the Membership Fee?
Once you have bought your apartment and moved in, you will have to pay the
Membership Fee. This is an annual charge, which you pay monthly in advance.
The Membership Fee you pay will depend on the number of bedrooms in the apartment
as well as which of the three Membership Fee and Deferred Fee options you choose
when you buy at Riverstone Bishops Avenue.
Apartment type
1 Bed
2 Bed
2 Bed (plus study)
2 Bed Duplex
3 Bed
3 Bed Duplex
2 Bed Penthouse
3 Bed Penthouse
3 Bed Penthouse (plus study)
Monthly Membership Fee
Option 1
Option 2
Option 3
£1,558.33
£2,058.33
£2,350.00
£2,350.00
£2,766.67
£2,766.67
£2,975.00
£3,308.33
£4,225.00
£779.17
£1,029.17
£1,175.00
£1,175.00
£1,383.34
£1,383.34
£1,487.50
£1,654.17
£2,112.50
£1,558.33
£2,058.33
£2,350.00
£2,350.00
£2,766.67
£2,766.67
£2,975.00
£3,308.33
£4,225.00
Points to note:
− Under Option 1, the Membership Fee increases each year on 1st January in line
with in昀氀ation. However, we include a cap which means the Membership Fee cannot
increase more than 4% in any one year. For example, if in昀氀ation runs at 6% in the 昀椀rst
year and 8% in the second year, your Membership Fee will still only increase by 4% in
year 1. It would then increase by a further 4% in year 2.
− Under Option 2, the Membership Fee is set at the same level as Option 1 for each
apartment type but is 昀椀xed “for life” and will not increase annually in line with
in昀氀ation during your period of ownership. This is the key di昀昀erence between Option 2
and Option 1.
