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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.
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