Tuesday, May 11, 2010

Comments On Management "Truth" Newsletter

Some residents may have been either DISTURBED or PERTURBED by management’s threat in their article on Rental Amounts in the May Issue of the "Truth" that if you didn't pay their either 641.88 or $651.88 amounts plus a water surcharge of $3.74 that you would have to come up with the difference between what you have been paying and the above amount ----IF THEY WIN THE CASE.

If you came into the park and signed a contract to pay the higher amount, you are probably liable for that amount IF THEY WIN THEIR CASE and we lose our right to buy our park. (We have already been granted the right to buy). Please understand this is another SCARE TACTIC being used by management to increase their income and to continue their many years of continued harassment of the residents. Our attorneys are confident that no judge will allow an eviction because the residents have been given the right to buy our park and no judge will allow the rent case to proceed without taking into consideration the purchase case and the rights of the residents. Even if a separate action is filed, we would ask the judge to abate the action pending resolution of the circuit court rent and purchase cases. There is no need to go out and hire an attorney, especially since there is little likelihood that they will spend the money to start more that 450 lawsuits.

By the way, our prospectus with the park calls for water charges to be included in our rent, thus, no matter what happens, you will not be liable for these extra water charges.
Monday, May 10, 2010

Depositions Heard On April 8th & 9th

There is little to report except that the depositions of the two appraisers were given and the amounts were about $5,000,000 apart with management's appraiser being the higher number. Our appraiser came in at about $11,600,000. Now it is up to the judge to decide on which one to accept and to schedule a hearing to give us his decision.

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Naples Estates
Naples Estates News is the official blog of the Naples Estates Homeowners Association.
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