J106402 RS All you need to know - The Bishops Avenue AW (4) - Flipbook - Page 29
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Under Riverstone’s “Value in Choice” o昀昀ering, three Membership Fee and Deferred Fee
options are available for you to choose from when deciding how much you want to
pay and when. Some buyers will prefer to pay a higher Membership Fee in return for a
lower Deferred Fee paid when you sell your apartment. Other buyers will be focused on
paying a lower Membership Fee each year but are happier to accept a higher Deferred
Fee when the apartment is sold.
Option 1:
• Membership Fee: Fixed but increased in line with in昀氀ation annually on 1 January,
with a 4% cap on any increase in any given year
• Deferred Fee: 4% per year (capped at 28%) calculated against the sale price
achieved or open market value, if greater, when you sell your apartment
This option might be attractive for buyers who are less concerned about annual
increases to their Membership Fee and who would prefer to pay a lower Deferred Fee.
Option 2:
• Membership Fee: Fixed “for life” and won’t change during your period of ownership
• Deferred Fee: 6% per year (capped at 30%) calculated against the sale price
achieved or open market value, if greater, when you sell your apartment
This option might be attractive for buyers attracted to the cost certainty and comfort of
a 昀椀xed Membership Fee which won’t increase and don’t mind paying a higher Deferred
Fee in return for this.
Option 3:
• Membership Fee: Half price and 昀椀xed “for life” and will not change during your period
of ownership
• Deferred Fee: 7% per year (capped at 35%) calculated against the sale price
achieved or open market value, if greater, when you sell your apartment
This option might be attractive to buyers focused on keeping their Membership Fee
as low as possible, be that for a昀昀ordability reasons or in anticipation of future care
costs. Equally, they might simply prefer to enjoy the bene昀椀ts of living at Riverstone
at a signi昀椀cantly lower annual cost and don’t mind if they (or their representatives)
have to pay a higher Deferred Fee amount after living at Riverstone.
