Frequent asked questions - FAQs
What is the minimum and maximum investment?
The minimum investment is £25,000 and there is no maximum.
Can I sell my holding?
A member can sell their holding at any time to another syndicate member, or to a third party. Typically holdings are sold to existing syndicate members. Rougemont will assist in co-ordinating the sale and in communicating the availability of the investment to other members. The seller will be responsible for the fees of both Rougemont and the solicitors to the syndicate in facilitating the sale.
Who will manage the syndicates?
Rougemont will co-ordinate decision making within the syndicate including keeping syndicate members informed of matters affecting the property and arranging for specific decisions to be made where necessary.
Is there an annual administration fees levied by Rougemont?
There is no annual fee payable to Rougemont in respect of this service. Rougemont's total remuneration is incorporated within its initial syndication fee.
Who will manage the property on behalf of the syndicate?
It is important that one single party co-ordinates the day to day management of the Property. HPM will act as the day to day management company for the property and will account to the syndicate members for all administrative functions; including the collection and subsequent distribution of the principal rent, insurance rent, as well as managing service charges.
What would happen if, for any reason, Rougemont ceased to exist?
The legal title to the property is held in the name of a Professional Custodian Trustee (S G Hambros Trust) who must act in accordance with the wishes of the syndicate members (by a 75% majority of the ownership of the property). The syndicate members are the individual legal beneficial owners of the title. Rougemont does not hold the legal title and merely acts as Managing Trustee. The syndicate Trust Deed includes a provision that allows the syndicate members to change the Managing Trustee should the members (acting together by a 75% majority of the ownership of the property) wish to do so. This structure safeguards both the legal title to the property and the ability of the syndicate members to appoint a new Managing Trustee.