National Park Condos is a recreational investment where owners are guests in their own cabins/lodges and have income and appreciation without work or worry. Owners will own their unit 24/7/365 until they sell it.
Ownership will include:
- The structure and the lot it is situated on
- One or more dock slips
- A parking space in a common garage unit for the first 4 buyers and thereafter as permits to build are available
- A share of the balance of land and lakeshore - There is a total of 1270' of shoreline and 13 acres. The lots occupy approximately 2 acres
- Use of private laundry for owners, garage storage lockers and use of guest apartment
Use of all services (free and rental) available to NLRO guests including canoes, kayaks, bikes, games, water toys, sauna, dock space, rental boats and motors.
The areas designated “limited common element” are reserved for use by the nearest adjoining cabin.
NPC is a development which requires all owners to have their units in the rental pool and rented by the management company when they are not occupying the unit personally (no personal rentals are allowed). The amount of personal use is open except for those who want to treat their investment as “Investment Real Estate”. Investment Real Estate has conditions specified by the IRS tax code for the amount of personal use. Buyers should address these conditions with their tax advisor.
Maintenance and management will remain, as it has been, with Tom and Pat Ossell (or their assigns under Tom and Pat’s supervision), assuming the performance is satisfactory to the Condo Association. Every Owner is a member of the Condo Association and has one vote per ownership unit.
The following information is available in this website:
