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Copyright© 2004, |
Frequently Asked Questions How does the "leased boat slip" work? Boat slips are available for lease through Traders' Landing Boatslip Rentals. The developer has made arrangements to provide a boatslip to a purchaser for the first summer season in which the purchaser owns a Roman Ridge unit (pending boatslip availability). To keep a boat slip in subsequent years, an owner must opt to renew the lease prior to a cutoff date, typically in early spring. Previous slip renters are given first option for renewal. If an owner opts not to renew a boat slip lease in a subsequent year, there is no guarantee that a slip will be available in following years. The boat slip rental business is an independent business, and while there are no plans to terminate or transfer ownership of the business, there can be no guarantee beyond the term of the developer's control. Furthermore, all boat slips on Deep Creek Lake are subject to regulations of the Maryland Department of Natural Resources, and there can be no guarantee regarding DNR regulations. Having said that, DNR has consistently supported public access to the water of Deep Creek Lake, through public access marinas such as that at Traders' Landing. How do I know that a unit will still have a lake view after all other units have been built? The developer has specifically planned building locations so that each unit will have a view of the lake. The view may be over or between other units, depending on the site. What on-site improvements are planned? The first on-site improvement is a massive landscaping plan, which includes plantings, benches, and attractive walkways from the residential areas to the commercial area. "Tot lots" are also planned. While the developer intends to pave the roadways at some point in the future, it doesn't make sense to do that until construction is finished. Can a purchaser choose colors and styles of paint, carpet, wallpaper, and appliances? Yes, a purchaser can make choices within a range of colors and styles offered by the builder. Other options may be available, depending on the stage of construction, and may require additional deposits or guarantees by the purchaser. Are Roman Ridge units members of the Traders' Landing Condominium Association? The old "Traders' Landing Condominium" was terminated on March 22, 2002, and replaced with a new condominium regime incorporating the previously constructed units as well as the newly constructed units. The name of the new condominium is "Roman Ridge at Trader's Landing." What documents are necessary to make an offer to purchase? Offers should use the Maryland Association of REALTORS' residential sales contract, together with a customized Roman Ridge condominium addendum and appropriate new construction addenda. Which lenders can finance Roman Ridge units? A purchaser may select any lender of his or her choice. However, we recommend lenders that are familiar with the Deep Creek Lake condominium market. |
