Monthly Fees
One all-inclusive monthly service fee simplifies your household budget. This fee covers all utilities, including basic cable television, high-speed internet, electricity, heat, air conditioning, water, sewer and trash removal, as well as:
One meal per day (lunch or dinner)
Your local real estate tax
Property insurance (except for personal property)
Contribution to the Capital Reserve fund
Twice monthly housekeeping, including cleaning your residence and changing and laundering bed linens
All activities — social, educational, recreational, fitness, spiritual, cultural
Scheduled transportation
Routine maintenance of all residences and common areas
Professional grounds keeping
24-hour security
Emergency-call system with appropriate emergency response
Use of common areas and amenities
Extra storage space on the garage level
Monthly fees will vary based on apartment style and size. Property/real-estate taxes for apartments will also vary based on size and each shareholder’s individual exemption eligibility.
Tax benefits
Shareholders may deduct real-estate taxes when they calculate their federal income taxes. Consult your financial advisor for more information.