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Vista View Resort – Frequently Asked Questions – FAQs
Why are the homes at Vista View Resort so reasonably priced?
The home sites at Vista View Resort are used and occupied on a
very long term exclusive lot agreement. The cost of the land is not
included in the cost of the home. Buyers at Vista View Resort do not
incur the high upfront cost of including the outlay for the land in
the purchase price of the home. Residents instead pay the developer
a monthly resort fee for the use of the land, the rate being similar
in cost to association fees at other resorts. This resort payment
covers all costs attributable to the use, operation and maintenance
of the resort as well as the payment of the property taxes for a site-build
home. In January of 2100, the property is transferred free of
encumbrance to the homeowner.
What is the resort fee rate?
Generally, depending on the lot size, between $315 and $345 per
month. Corner lots shall be charged $35.00 more per month than
what is applicable to mid-block lots.
After three years, how is the new resort fee rate determined?
Vista View Resort guarantees that adjustments to the leasehold rate
will not exceed the greater of 4.5% or the government’s annual
Consumer Price Index (CPI) for urban customers. Without some
justified increases, Vista View Resort would not be able to keep up
with cost of inflation or other unexpected increases to the
operating costs and expenses of maintaining your beautiful resort.
Will I have to pay a homeowners association fee too?
No. The resort fee payment covers the exclusive use of the land plus
all homeowner’s association fees, including maintenance and repair
of all common areas, roads, lighting, community center, recreation
facilities, and gated security.
What other costs will I incur besides the resort fee payment?
You will need to maintain homeowner’s insurance and name Ventura
Properties and The Garold C. Brown Family Limited Partnership as an
Additional Insured party. Depending on the home and contents, this
insurance is about $250 per year. Homeowners are also responsible
for normal maintenance for their home and grounds.
What happens to the exclusive lot use agreement if I decide to
sell my home?
Your home can be sold at any time upon written request and approval. The
Buyer will need to enter into a new exclusive lot use agreement.
Are pets allowed?
Yes, small household pets weighing 25 lbs or less or otherwise, upon
approval of management.
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Vista View Resort
6400 E. Highway 90
Sierra Vista, AZ. 85635
(520) 459-0775 ~ Fax: (520) 459-0795
home@vistaviewresort.com
©Ventura Properties, L.L.C. 2002
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