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Frequently Asked Questions and Answers

07/02/2019 by Dunes Of Panama

The following is a list of questions and answers regarding the purchase and ownership of a unit at Dunes of Panama,
Phase 1.

Q. What are my voting rights in the condominium association.

A: See Condo documents.

Q: What restrictions exist within the condominium documents
with regard to my right to use my unit?

A: See Condo documents

Q: What restrictions exist within the condominium documents
with regard to the leasing of my unit?

A: See Condo documents

Q: How much are my assessments to the condominium
association for my unit type and when are those
assessments due?

A: 2019 monthly condo fees for Dunes of Panama, Phase 1:

2 Bedroom without parking is $300.00
2 Bedroom with parking is $343
2 bedroom – large $477.00
3 bedroom without parking $542.00
3 Bedroom with parking is $585

parking garage: $43.00

Due the first of each month. Delinquent after the 20th. Late
fee of $20.00 after the 20th.

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? Also, how much are my
assessment?

A: Yes. The Dunes of Panama Facilities Corporation. See
Condo documents for voting rights. The assessments are
$112.00 monthly. The facilities association’s telephone
number is (850) 234-8839.

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 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.

A: 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.

I hereby acknowledge receipt of the frequently asked question and answer sheet.

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