Kensington - All you need to know - Flipbook - Page 27
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What are the ongoing charges?
You have to keep paying the Membership Fee until the apartment is sold, even if you’re
not living in it. You or your representatives have to pay any unpaid Membership Fees
when you sell your apartment.
You also need to pay for your solicitor’s sale fees and any removal costs.
Do I have to redecorate or refurbish when I sell?
You need to redecorate the apartment in the 3 months before you sell it, but you don’t
have to refurbish it (e.g. replacing bathrooms and kitchens). We can arrange this if
you and Riverstone agree on the price and type of works to increase sale value. If you
wanted to refurbish you would pay for it, but we might consider making a contribution
towards the refurbishment costs. If we did, we would not charge interest but would
collect the contribution out of the money you receive when you sell your apartment.
What are the estate agency fees?
When it comes to you or your representatives wanting to sell your apartment, it is your
decision who you use as sales agent.
You might wish to appoint our experienced sales team as your sales agent when
selling your property. They have all the knowledge and experience of Riverstone
Kensington.
We’re happy to work as your sole sales agent or alongside your own choice of sales
agent. We will always charge a fee of 1.25% plus VAT, whichever route you choose.
However, if you want to use another sales agent alongside us, then you will need to
agree a separate fee with them. We do not allow more than two agents to be appointed
on the sale of your property and no more than one external agent to operate
alongside Riverstone.
You can also use a single agent of your choice, completely independently of Riverstone.
If you don’t use Riverstone as sales agent, you need to pay the Administration Fee of
£550 plus VAT.
