RENTAL POLICY PROCEDURES:
Before a tenant may move into a unit at Promenades East Condominiums:
--all forms will be filled out and returned to the office with the application fee(s)
--been interviewed by a member of the Board of Directors or their designee
--provided to the manager a copy of the signed lease which is on an approved form
--scheduled move-in time with the manager
--escrow payment of $500.00 must be made to cover damages to common elements
The owner wishing to rent their units must make and maintain a damage deposit of $500.00 covering the common elements of the building.
A record of activity on this account will be kept by the manager. The owner will be assessed an association administrative charge of $50
per move (in or out). This charge will be subtracted from the deposit on record, but additional monies will be needed to maintain the
original balance. See section 16.7 of your condominium documents.
Q: How much are my assessments to the condominium association for my unit type and when are they due:
A: As of 1/1/2021
One Bedroom with one bath $224.67 Due on the first of each month
One Bedroom with Foyer & one bath $250.57 Due on the first of each month
Two Bedrooms with two baths $280.23 Due on the first of each month
Three Bedrooms with two baths $382.75 Due on the first of each month
Percentage shares of common elements, common expenses, and common surplus:
One Bedroom with one bath .5696
One Bedroom with Foyer & one bath .6353
Two Bedrooms with two baths .7105
Three Bedrooms with two baths .9704
Q: 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?
A: No
Q: Am I required to pay rent or land use fees for recreational or other commonly used facilities? If so, how much am I obligated to pay annually?
A: No
Q: Is the condominium association or other mandatory membership association involved in any court cased in which it may face liability in excess of $100,000? If so, identify each such case.
A: No