FAQs:


Why are the homes at Vista View Resort so reasonably priced?

The home sites at Vista View Resort are used and occupied on a very long term exclusive lot agreement. The cost of the land is not included in the cost of the home. Buyers at Vista View Resort do not incur the high upfront cost of including the outlay for the land in the purchase price of the home. Residents instead pay the developer a monthly resort fee for the use of the land, the rate being similar in cost to association fees at other resorts. This resort payment covers all costs attributable to the use, operation and maintenance of the resort as well as the payment of the property taxes for a site-build home. In January of 2100, the property is transferred free of encumbrance to the homeowner.

What is the resort fee rate?

Generally, depending on the lot size, between $315 and $385 per month. Corner lots shall be charged $35.00 more per month than what is applicable to mid-block lots.

After three years, how is the new resort fee rate determined?

Vista View Resort guarantees that adjustments to the leasehold rate will not exceed the greater of 4.5% or the government’s annual Consumer Price Index (CPI) for urban customers. Without some justified increases, Vista View Resort would not be able to keep up with cost of inflation or other unexpected increases to the operating costs and expenses of maintaining your beautiful resort.

Will I have to pay a homeowners association fee too?

No. The resort fee payment covers the exclusive use of the land plus all homeowner’s association fees, including maintenance and repair of all common areas, roads, lighting, community center, recreation facilities, and gated security.

What other costs will I incur besides the resort fee payment?

You will need to maintain homeowner’s insurance and name The Garold C. Brown Family Limited Partnership as an Additional Insured party. Depending on the home and contents, this insurance is about $250 per year. Homeowners are also responsible for normal maintenance for their home, grounds and all utilities.

What happens to the exclusive lot use agreement if I decide to sell my home?

Your home can be sold at any time. The Buyer will need to enter into a new exclusive lot use agreement and meet all age requirements.

Are pets allowed?

Yes, small household pets weighing 35 lbs or less or otherwise, upon approval of management.

 

 

 

Copyright 2009, Vista View Resort
Tierra Antigua Realty assumes no responsibility for errors or omissions in the materials on this web page, or for damages of any kind whatsoever arising out of or in connection with the use of the information contained herein. Furthermore, Tierra Antigua Realty does not warrant that the content herein is accurate, complete or current. It is the users responsibility to verify any and all information before relying on it for any purpose. Tierra Antigua Realty may, from time to time and without notice, make changes to the content and to the products, services and prices described herein and assumes no responsibility to update or correct any information herein contained. Real properties described herein are not being offered for sale within any state or jurisdiction in which the legal requirements for such an offering have not been met.
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