According to Rule 61B-23.002 of the Florida Administrative Code (F.A.C.), each condominium association must prepare and maintain a Frequently Asked Questions and Answers (FAQ) sheet. The FAQ sheet must be updated every 12 months. The FAQ sheet consists of 7 questions relating to unit owner voting rights, maintenance fees, and association on-going legal issues. This article provides this information for Outdoor Resorts at Orlando, Inc.
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.
Last Updated: October 29, 2024
Name of Condominium Association: Outdoor Resorts at Orlando, Inc.
Question: What restrictions exist in the condominium documents on my right to use my unit?
Answer: Restrictions on your rights to use your unit are provided in several sections of the Declaration of Condominium and the Bylaws, as well as in the Rules and Regulations document. Specific sections of the Declaration of Condominium to refer to include: XI Provisions Relating to Sale or Rental of Condominium Units, XIII Use and Occupancy, XIV Maintenance and Alterations, and XVI Miscellaneous Provisions. Specific sections of the Bylaws to refer to include: Article XVI Rules and Regulations. (https://outdoorresortsorlando.com/oro-community-official-documents)
Question: What restrictions exist in the condominium document on the leasing of my unit?
Answer: Rental and Leasing restrictions are documented in section XI Provisions Relating to Sale or Rental of Condominium Units of the Declaration of Condominium (https://outdoorresortsorlando.com/oro-community-official-documents).
Question: How much are my assessments to the condominium association for my unit type and when are they due?
Answer: Assessments are due quarterly on January 1, April 1, July 1, and October 1 each year. The 2024 quarterly assessment amount for each unit is $615.00. For 2025, the quarterly assessment amount for each unit is $691.
Question: 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? Also, how much are my assessments?
Answer: No, Outdoor Resorts at Orlando does not require you to be a member of another association.
Question: 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?
Answer: No, Outdoor Resorts at Orlando does not require you to pay rent or land use fees for recreational or other commonly used facilities. There are fees related to unit rental or leasing as outlined in section XI Provisions Relating to Sale or Rental of Condominium Units of the Declaration of Condominium (https://outdoorresortsorlando.com/oro-community-official-documents).
Question: 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.
Answer: No, Outdoor Resorts at Orlando is not currently involved in any court case in which it may face liability in excess of $100,000.
Additional Helpful Questions and Answers
In addition to the required FAQ sheet questions, Outdoor Resorts at Orlando provides the following information for common questions asked by purchasers of condominiums:
Question: Are any of the Association's amenity or facility areas leased?
Answer: No, Outdoor Resorts at Orlando does not lease any of its amenities or facilities.
Question: Are there any current or anticipated Special Assessments for maintenance, major repairs, recent storm-related cleanup, or any other large expense?
Answer: Outdoor Resorts at Orlando has not had a special assessment for at least 10 years. The association has a Task Force currently investigating the sewer system to determine what work, if any, needs to be done to properly maintain it. This work could lead to a need for a special assessment or other funding method in the future.
Question: What is the minimum lease/rental period allowed for unit owners to offer potential tenants?
Answer: The documents do not restrict the minimum rental period for unit owners to offer potential tenants. However, the Rental Program currently requires a minimum 7-night stay for rental homes and a minimum 3-night stay for RV Lots.
Question: How many units in the building or community are owned and occupied as either Primary Residences or Second Homes?
Answer: Outdoor Resorts at Orlando does not currently collect this information. However, of the 979 total units, we estimate we have about 250-300 units that are occupied year-round. Most of the remaining units serve as second homes for their owners. We currently have 50-60 units in our rental program.
Question: Are any unit owners in arrears on either their scheduled or Special Assessments?
Answer: As of February 29, 2024, there are about 12 units in arrears for a total of about $31,700.
Question: Does the COA maintain a financial Reserve account to cover major maintenance projects and replacement of building equipment? Is there a Contingency account for unexpected expenses?
Answer: Yes, Outdoor Resorts at Orlando maintains reserve accounts for major maintenance and repair/replacement of buildings and equipment. The most recent reserve study was completed and delivered December 2021. As of February 29, 2024, the total reserve funds were about $2.7 million.