If I purchase at Key Island Estate, do I own real estate?
Yes. Ownership is evidenced by a real estate deed, which is recorded and guaranteed by a title insurance policy. Each owner is conveyed a I/6^th undivided, deeded interest in the fully furnished estate and has acess to all residences with their ownership. Like other real estate, ownership may be sold, willed, transferred or placed in a trust al any rime.

How many ownerships will he sold?
Key Island Estate will offer only 5 ownerships

Can a company or corporation purchase on ownership?
Yes. An ownership can be held in a corporate name.

Can more than one family or individual share a single ownership?
Yes. Owner can form partnerships to control an ownership.

What are the advantages of Key Island Estate ownership?
Ownership is designed to provide generous and flexible vacation use and remove the worries typically associated with vacation-home ownership_ Also, ownership will significantly reduce the financial burden through shared ownership, which is especially appealing to those who would like to own an oceanfront home but want to minimize the financial impact of Florida's insurance and properly taxes.

What are my voting rights in the project?
Each ownership interest is entitled to one (1) vote on any issue that comes before the vote of the Owners. See the Declaration and the Co-Tenancy Agreement/Fractional Ownership for further information.

What restrictions exist in the Project Documents on my right to use the Property?
The Properly shall be used in accordance with all applicable County and State Lodes, ordinances and regulations, including the Rookery Bay National Estuarine Research Reserve. For further information see the Declaration of Covenants, Conditions and Restrictions for Key Island Estate (including Article 18), The Co-Tenancy Agreement/Ownership Fractional Plan (including Article 3) and the Rules and Regulations.

How do I plan my vacation?
A rotating calendar schedule ensures that all owners will have equal access to high demand periods over the years. Owners have 4 planned two week vacations for a total of 56 days each year. Owners may exchange their vacations with other owners for an extended stay.

Do owners pay, annual fees?
Yes. Owners pay quarterly assessments for the professional management operation and maintenance. These fees are significantly lower and are more comprehensive than those of a single owner vacation home. Included in these fees are funds for property taxes, insurance. utilities, administrative salaries, supplies, maintenance, trash removal, legal and accounting. and a reserve for replacement and/or refurbishing of residence facilities.