The Hollybrook community consists of 1902 condominium units, administered by a Board of Directors (5 officers and 20 directors) elected by and from its condominium owners. The seller will provide the purchaser with a book containing a complete set of the documents in the purchase packet required by Hollybrook Golf & Tennis Club Condominium, Inc.

Following is a summary of some of the important information that you might need to know before considering the purchase of a Hollybrook condominium.

Age Requirements
Hollybrook is a legal "Over 55 Community". Apartments must be occupied by at least one person over the age of 55. No one under 18 years of age can permanently live in or occupy an apartment in Hollybrook.

Income Requirements
The purchaser must have a certified net worth of not less than $250,000, or two years consecutive income equal to or greater than $36,640.

Down Payment
Financing cannot exceed 80% of the appraised value of the premises purchased. A 20% down payment will normally be sufficient.

Application and Interview
The application processing fee is $100 per applicant (husband and wife are deemed to be one (1) applicant). Each owner must apply. Out-of-State and Florida residents with less than two (2) years of residency must pay a $50 surcharge for background checks. After applying you will be notified to meet with the Screening Committee for a personal interview. Out-of-State residents may request a telephone interview.

Security Deposit
The purchaser must deposit one year's maintenance ($3,664) in advance of closing, which will be held in escrow for three (3) years.

Renting
Once you have owned a unit for 9 months you may then rent it only once in each calendar year for a period of not less than two (2) months. Sub-leasing is prohibited.

Restaurant
At the beginning of each year, each unit owner is required to purchase a Hollybrook Restaurant card for $150.  This card may be used for purchases at the restaurant and has no expiry date.  The restaurant is open every day for breakfast and lunch and for dinner on Wednesday and Friday evenings (and special occasions and holidays).

Pets
Purchasers may move in with one dog or cat which cannot weigh more than 15 pounds.

Vehicles
Overnight parking of pick-up trucks, motorcycles, campers, trailers, etc. listed in Hollybrook's Rules & Regulations is prohibited.