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Fees

Community Fees & Assessments

Payment of fees and assessments is the responsibility of every unit owner. These payments are used for operating, maintaining, repairing, replacing and modernizing our various association buildings and community and recreation properties. Also, covered are services like landscaping, janitorial, transportation, lighting, security, trash removal, cable, etc. The Florida Statute discusses this payment responsibility and can be found by clicking on the address below. Click here to read the statute.

Associations, Master Management and Bay Management all have budgets that must be funded for running day-to-day operations. Associations/buildings are the only ones mandated under the Florida Statute 718, to budget adequate “reserves” for capital expenditures and deferred maintenance, as in future replacement of roofs, parking areas, painting and many now include elevators and lifts as well.

Both Master Management and Bay Management would likely use a special assessment as their way to fund a major capital expenditure. Unlike associations, these two bodies do not have a “reserve” requirement, so instead of just building savings that can be spent any way who ever is voted into office each year decides, the special assessment is a safeguard tool intended to ensure funds are collected separately for and spent only on a specific, defined project. This is a way of protecting the owners’ investment in getting major projects done.

Fortunately, we are a large community, with many unit owners. Unlike association special assessments that are spread out over the number of units in the building, a special assessment levied by Master Management or Bay Management is spread out over 8,508 unit owners in the village. Our size is an advantage. It strengthens our buying power when we purchase as a community and spreads out costs over a large number of owners.

Breakdown of Fees

There are three (3) regular monthly payments: Bay Management, Master Management, and building associations. In addition, there may be special assessment payments. For information on special assessments, residents should refer to the appropriate party charging the assessment.

You may elect to have your payments automatically debited from your account; in order to obtain auto-debit forms, please see the Bay Management Office or contact Seacrest Services. Otherwise, you may send in your payment via mail, or deposit your payments in drop boxes that have been provided inside and outside the Clubhouse for your convenience.

Association Fees
Association/building operating expenses, which include administrative, day-to-day operating costs and the small COOCVE dues. These day-to-day expenses may include basic janitorial, maintenance, landscaping, irrigation, pest control, and office and management services.Reserve account for capital expenditures and deferred maintenance, i.e., roofing, paving, painting, elevators or lifts (if applicable), etc.Association insurance premium that covers building structure damage due fire, flood, wind, general liability, directors and officers liability, etc.Amounts may vary per unit owner according to size and model of unit/apartment owned, as stated in your association by laws.

 

 

 

 

 

Master Management Fees
Based on annual budget for maintaining community services and facilities, which may include:-

  • Security system (including guard stations)
  • Transportation (internal trolley & external city bus service)
    Community lighting systems
  • Irrigation systems
  • Road systems (Century Blvd., East & West Dr.), traffic ways, bike paths and walkways
  • Lagoons, lakes, canal systems and waterways
  • Providing water, sewage disposal and garbage collection
  • Cable
  • Swales, entrances, guardhouses, parks (preserve woodland in the Oakridge area)
  • Sanitation
  • Buildings and structures owned by Master Management (office bldg, activities building, pool and tennis courts all located in the Tilford area)

All unit owners share costs equally.

Bay Management Fees
Long-term lease for use of and annual budget for operation multiple facilities, including:-

  • Clubhouse
  • Theatre (movies, stage shows)
  • 17 tennis courts
  • 18 shuffleboard courts
  • 15 of the 16 swimming pools/bath houses
  • Volleyball court
  • Petanque courts
  • Social programs
  • Classes

Amount may vary per unit owner according to size and model of unit owned.Keeping our buildings and community appearance, operation, services and amenities attractive by today’s standards and in good working order helps maintain reasonable property values. We cannot control market conditions but we can do what is needed to remain a desirable place to own or buy, now and in the future.

 

 

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Century Village East

We are a renowned active-adult 55+ condominium community, conveniently located just south of Boca Raton and just north of Pompano Beach.  The four Century Village communities are unique in the country.

3501 West Drive
Deerfield Beach, FL 33442

Master Management
954-421-5566
customerservice@cvedb.com

Bay Management / Clubhouse
954-428-6892

COOCVE
954-596-0775
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