All you need to know - Riverstone Kensington S - Flipbook - Page 18
• Satellite/cable TV – paid direct to your chosen supplier
• Home contents insurance – paid direct to your chosen insurer
• Annual maintenance and testing of in-apartment heating and comfort cooling systems –
paid direct to Riverstone’s chosen contractor. We will make sure our contractors charge
reasonable rates and also that the inspection takes place at a time which works for you
You need to furnish and decorate your apartment and keep it in good repair. We allow
non-structural works within the apartment but we will need to approve any works before
you start. We also need to approve the contractors you intend to use. Our on-site team
can provide a list of pre-approved contractors and will be available to help arrange any
works you wish to carry out.
Do I have to pay a ground rent?
Selling your apartment
What is the Deferred Fee?
We charge the Deferred Fee only when you or your representatives sell the apartment
after the original occupants stop living there. We refer to the original occupants as
“designated occupiers” in the lease. We take the Deferred Fee from the amount you or
your representatives receive when you sell the apartment.
The Deferred Fee is a percentage of the sale price and we calculate this by accruing a
4% charge per year of ownership. The Deferred Fee will never be more than 28% of the
sale price. Riverstone will only charge the Deferred Fee for the actual number of years
and days that you own the apartment.
We do not charge any ground rent.
End of year
Is parking and storage available?
Residents can rent secure underground parking spaces and storage units on 12-month
licences. We do not have enough parking spaces and storage units for every resident.
The annual fee for a car parking space at Riverstone Kensington is £3,750 per year
The annual fee for a storage unit at Riverstone Kensington will vary depending on size.
Please ask our client advisers for more information.
Please note that our car parking spaces and storage units are not for sale.
Valet services are available at Riverstone Kensington as part of the annual Membership
Fee. We do offer visitor parking but availability will depend on how many visitors we
have on any given day.