FAQs

Click on a question below to expand and view the answer.

Q: How much are the condo dues for a one bedroom, Camellia Floor plan?

A: The condo dues for a one bedroom, Camellia Floor plan, are approximately $250/month.

Q: How much are the condo dues for a two bedroom Azalea Floor plan?

A: The condo dues for a two bedroom Azalea Floor plan are approximately $422/month.

Q: How much are the condo dues for a two bedroom Magnolia floor plan?

A: The condo dues for a two bedroom Magnolia floor plan are approximately $460/month.

Q: How do parking spaces work?

A: One private and secure parking space for the Plaza Tower residents is included in the price of the unit.

Q: What are the upcoming amenities?

A: The Plaza Tower has a state of the art 1,200 square foot fitness center. 

Q: How many total condo units are in the building?

A: There are a total of 202 units in the Plaza Tower building.

Q: What restrictions exist in the condominium documents on my right to use my unit?

A: There are restrictions on pets, nuisances and related matters, parking and alterations and improvements. For these and other restrictions refer to the section in the Prospectus entitled “Restrictions and Use of Units and Common Elements and Alienability.” See Sections 17 and 18 of the Declaration of Condominium, Schedule “A” to the By-Laws of the Condominium Association (the Rules and Regulations), and Article 10 of the Master Covenants.

Q: What restrictions exist in the condominium documents on the leasing of my Unit?

A: There are restrictions on the leasing of your Unit. You may not rent your Unit for less than thirty (30) days and shall require a security deposit in an amount not to exceed one month’s rent, to be held in escrow in an account maintained by the Condominium Association. The Condominium Association has the right to approve or disapprove all rentals. A written lease shall be required of each tenant and you shall be jointly and severally liable with the tenant for any damages to the Common Elements, Association Property or Common Areas or to any other portion of the Property. For additional information on these and other restrictions, please refer to Section 17.2 of the Declaration.

Q: How much are my assessments to the Condominium Association for my unit type and when are they due?

A: The assessments for your Unit are levied on an annual basis and are due on a monthly basis on the first day of each month. The current year’s assessments of the Condominium Association are shown above.

Q: Do I have to be a member in any other association? If so, what is the name of the association and what are my voting rights in this association?

A: The Condominium Association shall also be a member of Plaza Tower Master Association, Inc. (the “Master Association”). The Condominium Association and not the Unit Owners shall have voting rights with respect to the Master Association along with each of the eleven (11) Commercial Parcel Owners. 

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.

Q. What is HO-6 insurance?
A.  HO-6 is home insurance for owners of co-ops or condominiums. It provides personal property coverage, liability coverage and specific coverage of improvements to the owner’s unit. Typically the owner’s condo or co-op association provides insurance that covers the outside of the dwelling (structure). 
 
Condo insurance is important to have though since your association’s policy will not cover your belongings or provide you with personal liability coverage if someone is harmed inside of your residence.
 
An HO-6 policy will cover interior damage to your unit, improvements, additions and alterations you’ve made and your personal property. Additional living expenses, if your residence is not able to be lived in due to a covered peril, is usually also included. The condo association’s policy typically covers the outside building structure and commons areas, such as hallways.
 
HO-6 insurance is designed to coordinate coverage with your condominium or cooperative’s master policy.
Consider extra coverage, for valuables, such as jewelry, fine art or fancy computer equipment. Depending on where you live, you might also need additional coverage for earthquakes, flooding or windstorms. Discuss with your insurance agent or insurance company your needs to make sure you purchase the right amount of coverage.
 
Standard coverage doesn’t vary much from one company to the next for an HO-6 policy, but rates and customer service do, so it’s important to shop around for home insurance quotes from at least three different companies.