Dear Owners and Friends,
The Board of Directors is pleased and excited to announce an opportunity for you, your family, or friends to buy a parlor from the inventory of Association–owned shares. These shares have been deeded back to the Association by their former owners. And rather than adopt them, the Board has decided to sell them immediately for the price of $1 per share. In doing so, the Board hopes to add committed owners to our Association and to avoid the loss of assessment revenue that this large inventory creates.
If you decide to buy one of the fourteen shares being offered, you must also pay an escrow fee of $250 as well as the 2021 assessment of $1,372. You can start to use the new share while the escrow is in progress, once you pay the annual assessment. The initial share year will run from October 1, 2021, to September 30, 2022, allowing seven days of use.
Then, after you pay the 2022 assessment which is due on January 1, 2022, you will have seven more days, based on your annual share year, meaning that you could potentially have two weeks available at the Suites within the year of purchase.
The parlor sale begins on August 18, 2021, and will end on September 1, 2021.
We will accept email requests for the sale during normal reservation times until 12 noon PST on Monday, August 29. All names received will then be pooled, and a drawing will be held on Tuesday, August 30.
PLEASE NOTE: Payment in full must be received by September 30, 2021.
Thank you in advance for your interest and participation in the Fall Parlor Sale.
Best Regards,
Cynthia Reid
General Manager
San Francisco Suites