Who is responsible for management and maintenance?
The Monthly Occupancy Fee paid by each purchaser covers the cost of administration and maintenance which will be overseen by Georgian Village. A Replacement Reserve Fund (minimum 15%) is also established within the Occupancy Fee to cover the replacement of major capital building components. Repairs, maintenance and replacement of finishes and fixtures within each suite are the responsibility of the purchaser. The Monthly Occupancy Fee for the first year of operation will be confirmed and locked-in upon construction start.
