About

The Village center amenities include a resort style swimming pool, with a waterfall, tot pool and playhouse, spa, sand volleyball, bocce, basketball court and a state of the art exercise fitness center, movie theater, Pub, Bistro, ice cream parlor, library and business center. This is a resort community close to restaurants, shopping, boating, beaches. There are 3 golf courses, 2 are public. This community is part of Lely Resort which is only 7 miles to downtown Naples and Marco Island.

FREQUENTLY ASKED QUESTIONS AND ANSWERS SHEET
As of January 2015
OLE’ at LELY RESORT CONDOMINIMUM ASSOCIATIONS, INC.
Q. What are my voting rights in the condominium association?
A. There are 623 units in Olé at Lely Resort, a Condominium, and the owner of each unit has (1) indivisible vote which
may be cast in all matters which require a vote of the unit owners. Voting right and procedures are described in Sections
2 and 3 of the Bylaws of Olé at Lely Resort Condominium Association, Inc.
Q. What restrictions exist in the condominium documents on my right to use my unit?
A. A unit may be used only for residential purposes. There are restrictions on gust occupancy, pets, and display of signs
and parking of vehicles on the condominium property. The restrictions on unit use are detailed in Section 12 of the
Declaration of Condominium.
Q. What restrictions exist in the condominium documents on the leasing of my unit?
A. All leases must be in writing and receive the prior approval of the Board of Directors. No unit may be leased more
often than twelve (12) times in any calendar year, or for a period of less than thirty (30) days. No lease may be for a
period of more than one (1) year. Leasing restrictions are detailed in Section 13 of The Declaration of Condominium.
Q. How much are my assessments to the condominium association for my unit type and when are they due?
A. Operating and Reserve assessments based upon the Association’s current annual budget are payable to the
Condominium Association quarterly, in advance, due on the first day of January, April, July and October. Assessments for
units other than units within the Quads (as defined in Section 8.1 (d) of the Declaration) are $1,530.00 per quarter, for
units within the Quad 1 they are $1,678.00 per quarter, for units within the Quad 2 they are $ 1,684.00 per quarter, for
units within the Quad 3 they are $1,666.00 per quarter, for units within the Quad 4 they are $1,765.00 per quarter, for
units within the Quad 5 they are $1,696.00 per quarter. (All assessments include Lely Resort Master).
Q. Do I have to be a member of any other association? If so, what is the name of the association and what are my voting
rights in this association? Also, how much are my assessments?
A. Yes. Each unit owner automatically becomes a member of Lely Resort Master Property Owners Association, Inc.
(“Master Association”) and the owner of each unit has (1) indivisible vote which may be cast in all matters which require
a vote of the unit owners. Master Association assessments are currently $121.87 per year ($30.47 per quarter) and are
included in the assessments paid to the Association.
Q. Am I required to pay rent or land use fees for recreational or other commonly used facilities? If so, how much am I
obligated to pay annually?
A. The owner of each Quad unit is required to pay a share of the expenses of maintenance, repair and replacement of
certain condominium shared facilities, including the amenity center within the Condominium. These amounts are a
common expense of the Association and are included in the Association quarterly assessment figure shown above.
Q. Is the condominium association or other mandatory membership association involved in any court cases in which it
may face liability in excess of $100,000.00? If so, identify such case.
A. No.
NOTE: THE STATEMENTS CONTAINED HEREIN ARE ONLY SUMMARY IN NATURE. A PROSPECTIVE PURCHASER SHOULD
REFER TO ALL REFERENCES, EXHIBITS HERETO, THE SALES CONTRACT, AND THE CONDOMINIUM DOCUMENTS.

Ole_Master_Plan

Ole_PhaseII_SitePlan

 

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