Frequentlv Asked Questions

When will I see the unit I purchase?

• You can set up an appointment with your sale s representative to do a walk through of the unit prior to closing .

When can I inspect the unit I pu rchase in "AS IS CONDITION"?

• You can set up an appointment with your sales representative to do a walk through of the unit during your 15-day recession period.

What will your property taxes be estimated at?

• And educated estimate will be 1.5% of your purchase price. Remember, this is only an estimate.

Are purchase contracts assignable?

• No. Each person, or entity who signs a contract , will be required to close in the name shown as the "buyer" on the contract.

May I purchase a unit that is currently occupied with a tenant?

• Yes. As the new landlord, you may take over the current leas e and must honor and comply with all terms and conditions of the existing lease. You will receive the security deposit and pro-rated rent at closing.

What insurance is included in the maintenance fee?

• Fire, wind, flood and liability. Personal items (i.e. jewelry, televisions, clothing) contained within the home will be covered by separate homeowner's insurance purchased by the buyer.

What are my voting rights in the Condominium Association?

• Each unit in the Condominium is entitled to one (1) vote on matters to be voted on by Unit members.

What restrictions exist in the Condominium Documents on the Leasing of my unit?

• Leasing of Units or portions thereof shall not be subject to the prior written approval of the ssociation, provided however, each lease shall be in writing and shall require tenant's full compliance with the covenants, terms, conditions, and restrictions of this Declaration (and all Exhibits hereto). By-laws and Rules and Regulations.

How much are my assessments to the Condominium Association for my Unit type and when are they due?

• An amount equal to two month's assessments representing a working capital contribution to the Condominium Association are due at Closing and thereafter the monthly assessment is due on the 1st day of each month. Monthly as sessments for each unit are as follows: $121.32 for Model A-I, $129.99 for Model A-2, $181.99 for Model B-1, $225.32 for Model B-2, and $261.71 for Model C-1.

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 the this a ssociation, also how much are my assessments?

• No. You do not have to be a member in any other Association.

Am I required to pay rent or land use fees for re creational or other commonly used facilities? If so, how much am I obligated to pay annually?

• None.

Is the Condominiums Association or other mandatory membership association involved in any court cases in which it may face liability in excess of $1OO,OOO? If so, identify each such case?

• No.

What is the Developer fee for? And who pays it?

• A development fee equal to one and three quarters (1.75%) of the Purchase Price (and of any charges for options or extras now or here after contracted for which are not included in the Purchase Price). The development fee is not for settlement services and is separate from any and all fees imposed by a lender or other closing costs imposed in connections with the purchase of the Unit. The development fee represents additional compensation to Seller and principally is inte nded to cover various out-of-pocket and internal costs and expenses associated with development. Buyer un derstands that, in addition to the purchase prices for the Unit, Buyer must pay certain other fees, costs or other sums when title is delivered to Buyer at closing.

Enclave Photos