Frequently Asked Questions (FAQ’s)

WHAT STYLE AND SIZE UNITS ARE AVAILABLE?

There are 69 condominium residences available in the entire complex. There are five different models from which to choose.You may choose from studios, one, two or three bedroom condominiums.

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WHEN WILL THE UNITS BE READY FOR OCCUPANCY?

The residences at Silver Palms at Dadeland Condominiums will be available for occupancy as early as late summer of 2004, depending on the leasing status of the particular unit.

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HOW SOON CAN PROSPECTIVE BUYERS CLOSE?

Buyers are able to close on the purchase of their unit as soon as the condominium documents are recorded. Once recording of the condo documents has taken place, closings can occur within 30 days of signing the contract.

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WHAT IMPROVEMENTS ARE BEING MADE TO THE EXISTING FACILITIES?

The interior of each condominium will be delivered in its existing “as is” condition. The developers will make the following improvements to the exterior: new roof, new balcony railings, new exterior painting, landscaping, new hallway flooring, remodeling of elevators, landscaping, gated entrances, and resurfacing of parking areas.

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IS THERE A SALES OFFICE?

Yes, the sales office is located in Unit 110 South Building and is open daily from 10 a.m. to 6 p.m. Please call 305.666.4554 for more information. The sales office is decorated as a model. Esslinger•Wooten•Maxwell, Inc., Realtors® are the exclusive listing agents for Silver Palms at Dadeland Condominiums.

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WHAT ABOUT PARKING?

Each unit owner will be assigned the exclusive use of one parking space at time of closing. The parking spaces are not deeded to the unit owner and are considered limited common elements.

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ARE PETS ALLOWED?

Yes, pets under 25 pounds are allowed and must be registered with the condominium association and there may be other limitations as to the number of pets.

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WHAT ABOUT THE MAINTENANCE FEE?

At this time the maintenance fee is estimated to be about $0.27 per square foot per month of living space.The maintenance fee includes water and sewer (including hot water), trash services,maintenance of common elements, insurance for common elements including flood, hazard and liability (unit owners are required to have a separate policy to cover their personal property), and reserves for the replacement of common elements.

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WILL UNIT PRICES INCREASE?

It is anticipated that there will be unit price increases from the original offering price.The price increases will commence when one-third of each type of unit has sold.

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WILL THERE BE ANY RENTAL RESTRICTIONS?

All leases will be subject to the approval of the condominium association. Additionally, no lease will be approved with a term less than 6 months.

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WHAT AMOUNT OF DEPOSIT WILL BE REQUIRED WITH THE CONTRACT?

A five percent (5%) deposit will be required.

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WILL THE DEPOSITS BE HELD IN ESCROW AND BY WHOM?

All deposits will be held in escrow by Escrow Agent Vila, Padron & Diaz, P.A. Deposits will not be held in an interest bearing account.

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ARE RESERVATIONS AND CONTRACTS ASSIGNABLE?

No, each person or entity who signs a contract will be required to close in the name shown as “Buyer” on the Contract.

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IS FINANCING AVAILABLE?

Yes, financing is available through an independent third party. Loan Officers will be available to assist you in all of your financing needs. Call the Sales Office for more information. The developer has the right to revise, change, or amend any terms and/or provisions as outlined in these FAQs prior to entering into a final sales contract.

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The developer has the right to revise, change or amend any terms and/or provisions as outlined in these FAQ's prior to entering into a final sales contract.