Rent to Buy at Riverstone AYNTK - Flipbook - Page 10
4.
What is Knight Frank’s role?
We have appointed Knight Frank as our agent to handle the initial letting management process. They
will arrange apartment viewings, take you through the reservation process, complete the Know Your
Customer and a昀昀ordability checks (see FAQ 3 on previous page) collect the tenancy deposit and
coordinate the process right up to when you sign the tenancy agreement. Once you have moved
in, their role is limited to handling the rent collection process on our behalf. If you have any queries
or issues relating to the apartment, you would contact the Riverstone Concierge Team rather than
Knight Frank.
5.
Can I stay beyond the agreed term?
Riverstone’s “Rent to Buy” proposition is a short-term rental opportunity allowing you to stay
at Riverstone with the ability for you to purchase your selected apartment at the end of your
stay, but only if you want to. However, as Riverstone operates a “for-sale” business model
where we sell our apartments rather than renting them out on a longer term basis, your ability
to stay in your apartment is dependent on you completing the purchase of an apartment. Our
short-term “Rent to Buy at Riverstone” o昀昀ering should not be confused with other retirement
living operators who do allow residents to rent longer term. Prior to moving in, we will ask you to
con昀椀rm that you have accommodation arrangements in place for when you move out. This is
important given the short-term nature of your stay and we want to make sure you have a home
to move to after your stay at Riverstone.
6.
Can I terminate my tenancy agreement?
We do not o昀昀er any earlier tenant break rights other than termination at the end of the
contractual term, by serving no less than 2 months’ notice. The earliest date Riverstone can
bring the tenancy to an end is at the end of the contractual month term and we must give you at
least 2 months’ notice to do so.
7.
Will I get my rent deposit back at the end of the tenancy agreement?
We collect a 5 week tenancy deposit when you sign the agreement which Knight Frank will
register with the Government accredited Tenancy Deposit Scheme. Typically, landlords have
the right to retain part of the deposit where there has been damage to the apartment or if there
are unpaid rent arrears at the end of the agreement. We will always adhere to the rules of the
Tenancy Deposit Scheme when repaying the rent deposit and/or where we believe part of the
tenancy deposit needs to be retained.
8.
Can I buy the apartment I rent at Riverstone Kensington?
Of course! This is the key bene昀椀t for you under the “Rent to Buy” proposition. We really hope you
enjoy your stay so much that you decide Riverstone should be your permanent home, but you are
under no obligation to do so - it is entirely your choice. As part of the reservation process, you and
the Client Advisor will pre-agree the purchase price for your apartment and also a “decision date”
by which time you will need to have con昀椀rmed whether or not you intend to purchase at Riverstone.
For
more information about buying a Riverstone apartment, please refer to our separate “All You
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