1. HOA- WHAT'S INCLUDED:
a. All annual taxes on Common areas and installations
b. All common area maintenance
c. All exterior maintenance including Painting and Re-roofing as needed
d. Full time Administration. Includes personnel for concierge during regular business hours. Duties to include managing Maintenance and Gardening staff, Managing Operating accounts for Homeowners (Collecting monthly utility bills and getting them paid). Working with Accountants, outside maintenance Personnel, Outside Housekeeping Personnel and homeowners needing assistance.
e. Full Time Gardener and Maintenance Personnel – Services include all common area Gardening and Grounds keeping, Common area pool maintenance and chemicals, Private plunge Pool Maintenance. Basic Interior maintenance services on a “near cost “ basis ( charged at a low time and material rate – this may include cleaning A/C filters, minor electrical and plumbing, etc.
f. Property Taxes on Common Areas
g. Garbage Pickup
h. All utilities for common areas – Electric, Water, Administration Office, Laundry Facility for Pool Towels
i. Sewage treatment plant and Recycled water distribution System maintenance
j. Liability Insurance for Common areas
k. Federal zone ( Beach Use ) permit Taxes and maintenance of beach areas
l. Basic legal expenses for moderating, advising and recording HOA meetings and changes to Regulations.
m. All payroll taxes, Social Security and Health care benefits for Employees
n. A portion of the monthly HOA fee goes direct to the Associations reserve fund for future Capital expenses such new roofs, exterior painting, equipment replacement, etc )
2. HOA – COST:
Estimated cost as of January, 2021 are approximate $2.5 USD per sqm per month.
*subject to change.
3. PETS
We are currently planning on allowing pets for homeowners only – Pets from outside guest not allowed
4. PROPERTY TAXES
Common area taxes are covered by the HOA. Home Owners pay Individual taxes on their units – they are very low in our area and we estimate them to be less than $500 per year.
5. INSURANCE
Common areas are covered by the HOA. Homeowners can also purchase additional insurance for contents.
6. PARKING
An additional garage can be purchased for $20,000 USD. Mar de Coco will offer common parking area for visitors (Limited capacity.)
7. MODIFICATIONS IN CONDO
All owners will have the right to choose different materials and finishes inside their condo according to what the proposed design by the architects offers. Custom Design package available at an extra cost.
