A Special Assessment was passed to replenish reserves. The first 30% of the assessment was paid in 2023 and the remaining 70% will be split over eight quarters in 2024 and 2025 in the amount of $1200/quarter.
Ownership is held as a SUBLEASEHOLD Estate. A certificate of Sublease is issued in lieu of a deed. Buyer pays title premium, Documentary transfer tax and 6% sales tax at closing. Complete Documents are available in listing office.
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