FAQ’s

Bella Grand Condominium Association

Q:    What are my voting rights in the condominium association?

A:     There is (1) vote for each condominium unit.

Q:     What restrictions exist in the condominium documents on my right to use my unit?

A:     There are restrictions regarding alteration and repair of a unit, the keeping of pets in a unit and parking. The restrictions are set forth in Article 11 of the Prospectus, Article 13 and 23 of the Declaration and in the Rules and Regulations.

Q:     What restrictions exist in the condominium documents on the leasing of my unit?

A:      All leases shall be deemed to include a clause requiring the tenant to comply with all   terms and conditions of the Condominium Documents.  The restrictions are set forth in Article XV of the Declaration of Condominium (Schedule 1).

Q:     How much are my assessments to the condominium association for my unit type and when are they due?

A:     Assessments are levied and due monthly. The monthly assessment for Unit type “A” and Unit type “B” (2 bedrooms, 2 bathrooms) is $425.00 per month.

Q:    Do I have to be a member of any other association?  If so, what is the name of the association and what are my voting rights in the association? 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 in any court cases in which it may face liability in excess of $100,000.00?  If so, identify each such case.

A:     No

NOTE:  THE STATEMENTS CONTAINED HEREIN ARE ONLY SUMMARY IN NATURE.  A PROSPECTIVE PURCHASER SHOULD REFER TO ALL REFERENCES, EXIBITS HERETO, THE CONTRACT FOR PURCHASE AND SALE, AND THE CONDOMINIUM DOCUMENTS.