Terms and Conditions:
Real estate is only being offered to Hermitage Club Members.
Each residence is sold with a Deedable Admission Right (DAR) and a Family Legacy Membership. Current Members are required to purchase an additional membership with each residence. The purchase price includes both the DAR and the Membership.
The purchase and sale agreement is not assignable and there is also a one year restriction on resale.
The anticipated condo fee is $350/month.
Rental of the residence is done exclusively through the Hermitage Club as Hotel Operator with a revenue split of 60% owner /40% Hermitage Club after housekeeping, common charges, taxes and utility expenses.
Resales of the residences are marketed exclusively through The Hermitage Club.
The as-built models in the club house are indicative of the quality, fit and finish of the to-be built residences including carpet, tile, stone, marble, hardwood, window, door, trim, paint, cabinets, hardware, countertops, plumbing fixtures, fireplaces, natural stone, appliances, and lighting.
There are no selections or changes for any of the one bedroom lockout residences. The as built model is built to spec. A furniture package is being offered exclusively by Lillian Bogosian’s Decorative Interiors for those owners deciding to put their residence in the hotel rental program. Those not choosing to rent their home can decorate as they please.
There are homeowner selections available from builder’s selection to the remainder of the residences on the following items: Cabinets, vanities, granite countertop selection, carpet color, prefinished hardwood floor, floor tile, bath tile, and lighting.