Frequently Asked Questions (FAQ's):*

Q. What should I expect to pay in property tax?

A. Property tax is paid annually at Naf. 4.80 per m2 ($0.27 per sf) based on residence size.

Q. What are home owners association fees?

A. Home owners association fees are paid monthly at Naf. 4.95 per m2 ($0.28 per sf) based on residence size.

Q. How much are transaction costs?

A. Additional costs involved are 4% Curacao transfer tax and approximately 2% legal fees.

Q. Are there any financing options?

A. Financing is available subject to purchaser's qualification.

Q. How do I purchase a residence at Royal Palm Resort?

A. Upon selecting a residence, the purchaser will enter into a purchase contract.

Q. Can owners rent their residence, and are there any rental restrictions?

A. Owners can rent their residence; there are no restrictions on rental of the property, however, renters must comply with the homeowner's association bylaws.

 

 

* All fees and costs are approximate and subject to change.