|
Frequently Asked Questions about... WILDERNESS COUNTRY CLUB |
|
WHAT ARE MY VOTING RIGHTS IN THE CONDOMINIUM ASSOCIATION? ANSWER: If
more than one person owns the condominium unit, the
co-owners shall collectively be considered as a
single member. Only ONE of the co-owners shall be
designated, in writing, signed by all the co-owners
as the person with the right to vote as the agent for
all of the co-owners. The owners of each unit,
collectively, shall be entitled to one vote in Club
and Condo matters. ANSWER: A
unit may be used only as a single family residence
and may not be used at any time as an open house or
show room, or place of sale for any business activity
promoting any commercial enterprise, or for promotion
or sale of any product. "See Declaration of
Condominium and Rules and Regulations for additional
restrictions. ANSWER: When
a member has leased his condominium unit to a lessee
approved by the Board of Directors, such member's
right to use the Club facilities pursuant to his
membership shall be suspended for the term of the
lease, except for voting rights and other such
rights, if any, as the Board may expressly provide.
"When renting or leasing your unit, there is a $2,500
per month fee (plus sales tax) paid to the club by
the lessee." IS THE CONDOMINIUM ASSOCIATION OR OTHER MANDATORY MEMBERSHIP ASSOCIATION INVOLVED IN ANY COURT CASES IN WHICH IT MAY FACE LIABILITY IN EXCESS OF $100,000? IF SO, IDENTIFY EACH SUCH CASE. ANSWER: No |
HOW MUCH ARE MY ASSESSMENTS TO THE CONDOMINIUM ASSOCIATION FOR MY UNIT TYPE AND WHEN ARE THEY DUE? ANSWER:
Monthly assessments for the condominium association
are as follows: DO I HAVE TO BE A MEMBER IN ANY OTHER ASSOCIATION? IF SO, WHAT IS THE NAME OF THE ASSOCIATION AND WHAT ARE MY VOTING RIGHTS IN THIS ASSOCIATION? ALSO, HOW MUCH ARE MY ASSESSMENTS? ANSWER:
Membership in WILDERNESS COUNTRY CLUB is mandatory
and automatic upon acquiring ownership of the
condominium unit. The voting rights are the same as
described above in the condominium association voting
rights. Monthly assessments for Club Dues are
$651.00 ANSWER:
There is a 99-year lease on the golf course property,
including improvements. The rent due the owner is
paid in semi-annual installments, however the Club
bills this expense to the member monthly. The 99 year
lease has a built in escalation clause which is
governed by the consumer price index (CPL-W) and is
adjusted every 5 years. The current monthly
assessment for the Land Lease is $147.00 per unit, or
$1,764.00 annually. |