What are the on going costs of the Edgartown Residence Club?
Actual maintenance and operational expenses of the ERC, including insurance, real estate taxes, and a reserve fund, will be scheduled and allocated to the property on a pro-rata basis. These expenses will be controlled largely by the Condominium Association, which is controlled by a vote of the association members. Only actual costs associated with the operation of the Edgartown Residence Club are passed through to ownership, similar to any costs associated with the upkeep of a vacation home, but split by the 72 owners of the Edgartown Residence Club to ensure very reasonable annual cost.
