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Quarterly Assessments
Quarterly assessments cover virtually every expense at Abaco Rose including maintenance, furnishing replacement, taxes, insurance, utilities, cleaning, reserves, and management. The Owners’ Association with the help of the Property Management Company will set the budget and assessments each year.
At closing the first quarter of the annual assessment is collected to fund the budget and quarterly assessments will be billed thereafter.
See the Operation and Maintenance Budget below for an estimate of quarterly assessments.
Abaco Rose
Operation & Maintenance
Budget 2008
Description |
Annual Cost |
1. Accounting/bookkeeping |
$ 2,600.00 |
2. Cable TV/Highspeed Internet/Phone |
1,800.00 |
3. Clean-up (Annual) |
500.00 |
4. Clean-up (Weekly) (Paid weekly outside of budget) |
-0- |
5. Electricity |
3,600.00 |
6. General Maintenance |
2,000.00 |
7. House Furniture / Equipment |
500.00 |
8. House Supplies |
500.00 |
9. Landscaping Maintenance |
2,000.00 |
10. Management Fee |
3,000.00 |
11. Miscellaneous |
500.00 |
12. Pest Control/Termite Contract |
600.00 |
13. Property Insurance |
16,000.00 |
14. Property Taxes |
12,000.00 |
15. Replacement Reserve |
4,000.00 |
16. Water |
1,200.00 |
17. Barbery Coast HOA |
2,100.00 |
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TOTAL Estimated Expenses |
$ 52,900.00 |
Total Annual Assessment Per Ownership Share |
4,100.00 |
Paid Quarterly |
$ 1,025.00 |
These materials are furnished to provide general information. The presentation is for discussion purposes only, and does not constitute an offer to sell. An offer to sell a fractional interest will only be made with documentation specifically indicating that it is an offer to sell. |
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