Assessments
As with any condominium development, The Grand Meridian at Lands’ End will require monthly
assessments to subsidize the maintenance of common areas. The assessments also cover the real and projected operating expenses of the property and pay for, among many items, your expanded cable TV, high speed internet, community gas supply for your fireplace and grill, trash pickup, water and sewer service, and the insurance and maintenance of the property in a manner that will enhance property values and meet property owner standards. The insurance policy paid for by the assessments is similar to a Homeowner’s policy and covers 100% replacement cost of the building back to its original structure and design, including each individual unit back to the developer's base grade not including any homeowner’s upgrades. The only insurance costs a homeowner is responsible for are personal contents, the upgrades to their unit and personal liability insurance.