FREQUENTLY ASKED QUESTIONS & ANSWERS SHEET
| Key Royal Condominium Association | As of January 1, 2026 |
What are my voting rights in the condominium association?
The members of the association are entitled to one (1) vote for each unit owned by said members. The total number of possible votes (the “voting interests”) is 270. Refer to section 202 of the Bylaws for additional information.
What restrictions exist in the condominium documents on my right to use my unit?
There are restrictions on guest occupancy, pets, motor vehicles, parking, antennas and satellite dishes among other users. Refer to section 12 of the Declaration of additional information.
What restrictions exist in the condominium document on the leasing of my unit?
No unit may be leased more than 4 times in any calendar year or for a period fewer than 30 days or longer than a year. Refer to Section 13 of the Declaration for additional information.
How much are my assessments to the condominium association for my unit type and when are the due?
Assessments for 2026 is $1,397.93 per quarter and include fees for reserves to be used for future painting, roofing, carport and pavement replacements. Assessments are due and payable on January 1, April 1, July 1, and October 1 of each calendar year.
Do I have to be a member in any other association? If so, what is the name of the association and what are my voting rights in this association? Also, how much are my assessments?
No.
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?
No.
Is the condominium association or other mandatory membership association involved in any court cases in which it may face liability in excess of $100,000? If so, identify each such case.
No.
Note: THE STATEMENTS CONTAINED HEREIN ARE ONLY SUMMARY IN NATURE. A PROSPECTIVE PURCHASER SHOULD REFER TO ALL REFERENCES, EXHIBITS HERETO, THE SALES CONTRACT, AND THE CONDOMINIUM DOCUMENTS.