FAQ’s Golf Lakes
FREQUENTLY ASKED QUESTIONS AND ANSWERS GOLF LAKES RESIDENTS ASSOC. INC. AS OF January 2021
Q: What is my voting rights in the Co-Op Association?
A: One vote per unit. You may vote on matters brought before the annual meeting or any Membership meeting of the Association.
Q: What restrictions exist on my right to use my unit?
A: You may find your answer in the prospectus pages 25 thru 88.
Q: What restrictions exist on the leasing of my unit?
A: You may find your answer in the prospectus pages 25 thru 88.
Q: How much are my assessments to the Co-Op Association for my unit type and when are they due?
A: The assessments to the Association are approximately $225.00 per month along with the lot preferential fee (which the average is $10 each unit). The assessments are paid quarterly (3 months at a time) and are due the first day of each quarter. (January, April, July, and October)
Q: Do I have to be a member of any other Association? If so, what is the name of the Association and what is my voting rights in this Association? Also, how much are my assessments?
A: No.
Q: 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?
A: No.
Q: Is the Co-Op Association or other mandatory membership Association involved in any court cases in which it may face liability in excess of $100,000.00? If so, identify each such case.
A: No.
Q: Does Golf Lakes allow pets?
A: No. Golf Lakes is a pet free community.
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 HOME OWNERS ASSOCIATION DOCUMENTS.