Frequently Asked Questions
Q: What are my voting rights in the condominium association?
A: One (1) vote per unit.
Q: What restrictions exist in the condominium documents on my right to use my unit?
A: At all times at least one (1) permanent resident must be at least 55-years of age. Occupancy is limited to one (1) family per unit. A one-bedroom unit may not have more than two permanent residents and a two-bedroom unit shall not have more than four permanent residents. No business can be conducted from the unit.
Q: What restrictions exist in the condominium documents on the leasing of my unit?
A: For buildings 10, 11,12, 19, 20, 21, 25, 26, and 27, units cannot be leased for the first three years of ownership. For buildings 1, 2, 3, 4, 5, 6, 7, 8, 9, 12A, 14, 15, 16, 17, 18, 22, 23, and 24, units cannot be leased for the first year of ownership. Minimum lease is for four (4) months. The Condominium Association must approve all leases.
Q: How much are my assessments to the Condominium Association for my unit type and when are they due?
A: Maintenance is due on the first (1st) day of each month. A $25.00 late fee is assessed if payment is not received by the tenth (10th) day of the current month. 1-bedroom unit is $294 per month, 2-bedroom unit is $378 per month.
Q: Do I have to be a member of any other association? If so, what is the name of the association and what are my voting rights in this association? Are there any assessments?
A: Yes. The Bermuda Club Management Council, Inc. The voting is done through the building directors. There are no assessments.
Q: Am I required to pay rent or land use fees for the recreational or other commonly used facilities? If so, how much am I obligated to pay annually?
Q: Is the Condominium Association or other mandatory membership association involved in any court cases in which it may face liability in excess of $100,000.00? If so, identify each such case.
Q: What are the requirements for acceptance as a unit owner?
A: At least one of the purchasers of a unit must be 55 years old or more. A verifiable income of $25,000 for 1-bedroom and $30,000 for 2-bedrooms or higher is required along with a FICO score of 675 or higher, and no previous rental evictions, non-payment of rent at a previous tenancy, property foreclosure, bankruptcies, poor credit or criminal record.