Q: What are my voting rights in the condominium association?
A:Each unit is authorized one (1) vote.
Q: What restrictions exist in the condominium documents on my right to use my unit?
A: The unit can be used for residential purposes only. No business activity is authorized, nor any activity that would be a nuisance to your neighbors.
Q: What restrictions exist in the condominium documents on the leasing of my unit?
A:There is a three month minimum rental policy. The policy on leasing of units is contained in paragraph 14 of the Declaration of Condominium, as amended by amendment recorded in official records book 3900, Page 1218, Public Records of Volusia County, Florida.
Q: How much are my assessments to the condominium association for my unit type and when are they due?
A: Each unit is assigned a percentage of ownership. Assessments are computed by percentage of ownership. Monthly maintenance fees are due on the first day of each month.
Q: Am I required to pay rent or land use fees for recreational or other commonly used facilities?
Q: Are there any assessments pending?
A: No. We have already completed many projects to keep our beautiful building updated and in tip top shape. Our philosophy is "constant maintenance" to keep things humming nicely.
The most recent were: new cooling tower and key fobs (soon to come).
Not that long ago: main plumbing line; balconies; elevators; parking deck; swimming pool pavers; new rugs and tile in common areas; fresh paint in common areas; new lighting fixtures in hallways and new kitchen in our community room.
Q: Are there any assessments coming up?
A: Yes. As with all beachside condominiums, routine exterior inspections must be performed to ensure the safety and integrity of our building. We hired KWA Engineering company to do our survey and will be hiring a professional Construction company to do the repairs. We are now waiting for bids and therefore have no assessment cost at this time. Since we take our obligations very seriously and do not "put repairs off", we do not expect it to be an exorbitant amount.
NOTE: THE STATEMENTS HEREIN ARE ONLY SUMMARY IN NATURE. A PROSPECTIVE PURCHASER SHOULD REFER TO ALL REFERENCES, EXHIBITS, SALES CONTRACTS AND CONDOMINIUM DOCUMENTS.