There are some homes that are not attached to a share, so there are two options for these homes.
The buyer may purchase the home with membership, paying for the membership/share in full. Your share would pass to the next buyer along with the home, and that buyer would then pay only the established Cooperative Fee rather than rent, just as you did.
If you choose a home not tied with a share, monthly lot rent is charged at market price, and subject to increases tied to the Consumer Price Index each year.
The shareholder shall not sublet the whole or any part of the Unit nor renew or extend any previously authorized sublease unless consent is authorized by the HOA Board of Directors. More information can be found in Section 16, Exhibit “7″ of the Prospectus.
The unit may be rented or used by family members when the owner is not in residence. Specifications governing this can be found in the Rules and Regulations.
La Casa Real Estate does not have information regarding homes for rent in the park.
The owner of each membership certificate shall be entitled to one vote. If an owner owns more than one membership certificate, he/she shall be entitled to one vote for each certificate. Each membership certificate’s vote shall not be divisible. More detailed information can be found in Section 2.2, VOTING of the By-laws, Exhibit “4″ of the Prospectus.
HOMEOWNERS ASSOCIATION OF LA CASA, INC.
2019 Share Prices / Value
Maintenance Fee $140.00 Monthly
LOT CATEGORY PRICE / VALUE
Inside Corner __________$51,500
Clubhouse Corner _______$54,000
Lake Corner ___________$58,000
Due to the structure of cooperative ownership, you own a pro-rata share of the entire community including common elements. In our 974 lot community, the participants own 1/974 share of the entire real estate in our community
You control management, you control quality of services, you have all the benefits of real property ownership, including:
• You can will or devise the property to heir
• You may qualify for a homestead exemption
• There will be no outside profit motivated investor owners to deal with
• You will receive the tax benefits by owning real estate
• You will have Pride of Ownership
Is the residential cooperative or other membership association involved in any court cases which may face a liability in excess of $100,000.00?
No, there are currently no court cases involving our Associations.
It is not necessary to join any other Association. One can choose to join the Activity Association for $7.00 annually which permits access to numerous activities, concerts, and other events throughout the year.
Each home’s costs are different and based on personal preference and usage. However, a reasonable estimate of yearly costs for maintenance fee, utilities, and taxes could be approximately $5,000.
The La Casa monthly HOA (commonly called maintenance) fee for 2020 is $140.00. All fees are due the first day of each month and are past due on the fifth of the month.
Cable TV – supplied by and payable to Comcast/Xfinity. Comcast also supplies broadband Internet service if desired. Residents can also arrange for satellite or over-the-air TV service as an alternative to cable.
Real Estate Tax – Sarasota County taxes the home and share as Real Estate
Water and Sewer – supplied by and payable to North Port Utilities. Reclaimed water from our lakes for watering lawns is supplied by La Casa at no charge
Electric – supplied by and payable to Florida Power and Light
(FYI — Trash and recycles pickup is collected by Sarasota County weekly using Waste Management; the cost is included in your real estate taxes)
NOTE: THE STATEMENTS CONTAINED HEREIN ARE ONLY SUMMARY IN NATURE. A PROSPECTIVE BUYER SHOULD REFER TO ALL COOPERATIVE DOCUMENTS SUCH AS THE PROSPECTUS, BY-LAWS, AND THE RULES AND REGULATIONS.