on Venice Isle Estates
Venice Isle is a
55+ Community of 992 homes.
Prior to December
1996, a private (for profit) corporation owned Venice Isle. All
lots in Venice Isle were rental lots. Residents owned their mobile
home and rented the land the mobile home sat on.
In December 1996, about 604 of the residents of Venice Isle, got
together and purchased the mobile home park from the private
corporation. The residents formed their own (not for profit)
corporation. (Today we have 957 Shareholders).
They sold shares of the corporation. In return for being a
shareholder they get a proprietary lease on the land the mobile
home sits on. The proprietary lease is the instrument, which
transfers all Real Estate Property rights for a particular lot. It
gets taxed like real estate; it transfers like real estate, it is
all the rights of real estate. You donít own the land; you own the
rights to the land, and a portion of the entire park.
The 35 Residents, who havenít purchased their share, pay a
lot rent to the Corporation. These amounts vary depending upon
which designation they are. We have six (6) different lot
All lot rent fees include cable television, lawn mowing, edging
and use of the park facilities.
Residents who have purchased their share pay a maintenance fee.
The maintenance fee includes cable television, lawn mowing,
edging and use of the park facilities. Shareholders have an
annual election to vote on the Board of Directors, who then have
monthly meetings to set park policy.
TAXES: Homes owning the share pay
real estate tax, based on the county tax assessment of the
property. Shareholders purchase a one time only RP (real
property) sticker(s). If you qualify you can get a homestead
exemption, which can take up to $50,000.00 off your assessed
GARBAGE: Garbage pick up is
included in your county taxes.
WATER/SEWER: is not included in the
park fees. Each home is individually metered and you will
receive a bill for your home. They have a monthly minimum charge
of approximately $28.00.
CABLE TV: The Park gets cable TV at
a bulk rate and requires 100% participation. We receive up to
the premium channels. HBO, ShowTime and pay per view are
available for an additional cost as well as high speed Internet.
Additional costs to maintain a home in Venice Isle above the
maintenance fee may include, but not limited to, water/sewer,
electric, telephone, Real Estate Taxes, Insurance, pest control,
trees and shrubbery maintenance, and up keep and maintenance of
Real Estate Sales, Inc.
603 Roma Road
Venice, FL 34285
Neville C. Demo - Licensed Real