Common use of Fee Reviews Clause in Contracts

Fee Reviews. a) We will review and increase the fees under this Resident Contract annually, usually in April. Annual increases will generally be at least 5.4% and will reflect: i. inflation (by reference to the Retail Prices Index (or any successor index)); and ii. increases in our costs including, without limitation, increases in staff pay (including pension contributions and increases in the national Living and Minimum Wage), government schemes (such as the apprenticeship levy), increases in the cost of food, fuel and equipment as well as potential increases in rent. b) Apart from the annual change in your fees, we may also change your fees during a year if: i. the level of care you require changes or if you move into a different room (at your request). You will be charged the appropriate rate for the new level of care or different room from the date of the change. Details of fees for particular rooms and levels of care are available upon request; or ii. changes in legislation or regulatory requirements result in an increase to us in the cost of providing care and / or residence at the Home. Any such exceptional increase will be notified to you as soon as practicable after we become aware of such increase and at the same time we will notify you of the date from which the changes will be applied. c) We will endeavour to provide you with at least twenty eight (28) days’ written notice of your new fees before they take effect except in the case of increases under paragraph 1.5 b) i) above. 1.1. Fee Payable TOTAL FEE (PER WEEK) - £ (exclusive of VAT) DEPOSIT - £ (exclusive of VAT) a) The fee payable from your admission to the Home is the Total Fee set out in the Admission Schedule, for the avoidance of doubt you will be responsible for payment of the Total Fee until notification has been received from a Funding Authority confirming the Funding Authority’s contribution to the Total Fee, if applicable. b) If we do not receive full payment from you or your Guarantor / third party contributor within thirty (30) days of any payment becoming due, we shall have the right to charge interest at the rate per annum (accrued on a daily basis) of 3% above the Bank of England base rate from time to time, from the date the payment became due until the date payment is actually made.

Fee Reviews. a) We will review and increase the fees under this Resident Contract annually, usually in April. Annual increases will generally be at least 5.4% and will reflect: i. inflation (by reference to the Retail Prices Index (or any successor index)); and ii. increases in our costs includingIncluding, without limitation, increases in staff pay (including pension contributions and increases in the national Living and Minimum Wage), government schemes (such as the apprenticeship levy), increases in the cost of food, fuel and equipment as well as potential increases in rent. b) Apart from the annual change in your fees, we may also change your fees during a year if: i. the level of care you require changes or if you move into a different room (at your request). You will be charged the appropriate rate for the new level of care or different room from the date of the change. Details of fees for particular rooms and levels of care are available upon request; or ii. changes in legislation or regulatory requirements result in an increase to us in the cost of providing care and / or residence at the Home. Any such exceptional increase will be notified to you as soon as practicable after we become aware of such increase and at the same time we will notify you of the date from which the changes will be applied. c) We will endeavour to provide you with at least twenty eight (28) days’ written notice of your new fees before they take effect except in the case of increases under paragraph 1.5 b) i) above. 1.1. 1.1 Fee Payable TOTAL FEE (PER WEEK) - £ (exclusive of VAT) DEPOSIT - £ (exclusive of VAT) a) The fee payable from your admission to the Home is the Total Fee set out in the Admission Schedule, for the avoidance of doubt you will be responsible for payment of the Total Fee until notification has been received from a Funding Authority confirming the Funding Authority’s contribution to the Total Fee, if applicable. b) If we do not receive full payment from you or your Guarantor / third party contributor within thirty (30) days of any payment becoming due, we shall have the right to charge interest at the rate per annum (accrued on a daily basis) of 3% above the Bank of England base rate from time to time, from the date the payment became due until the date payment is actually made.