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. There is an association administrative charge of $50
per move (in or out).
Q: How much are my assessments to the condominium association for my unit type and when are they due:
A: As of 1/1/2023
One Bedroom with one bath $279.23 Due on the first of each month
One Bedroom with Foyer & one bath $311.42 Due on the first of each month
Two Bedrooms with two baths $348.30 Due on the first of each month
Three Bedrooms with two baths $475.71 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