PARK PLACE CONDOMINIUM ASSOCIATION SALE INFORMATION FOR BUYERS

                               

Please Note: We do not handle real estate sales. 

 

This information is provided for buyers to assist in sales.  For more detailed information about individual units that are for sale, please contact the real estate agent or owner who is listing the unit for sale. 

 

PARK PLACE CONDOMINIUM ASSOCIATION

Association assessments:  $240 per month due on the 1st of the month.  This assessment represents each unit’s share of the common expenses.  A copy of the budget is available for inspection if you are seriously considering purchasing a unit.

 

Utilities:  Owners are responsible for their individual water bill (usually $42 per month), electric bill ($40-$100 per month depending on the time of year and usage), and cable ($30.55 per month). 

 

Property Taxes:  Each unit owner is responsible for the individual property taxes on the unit.  The taxes are approximately $2,500 per year.

 

Use Restrictions:  These units are for “temporary residence” only.  Owner occupancy cannot exceed 90 days continuous occupancy in any 12-month period or 120 days total occupancy in any 12-month period.  Copies of the condominium documents are also available for inspection and should be read thoroughly for any additional restrictions.

 

RENTAL INFORMATION

 

The rent is split 60% to the owner and 40% to the rental management program.  The owner is responsible for condominium assessments, utilities, taxes and any repairs beyond routine maintenance.