How much does it cost to live in Park Plaza?
ROC members decide when the rent needs to be raised and by how much.
- Each member household pays two charges. The first is the lot rent that is collected monthly to pay for operating expenses like taxes, insurance, trash collection and the ROC’s mortgage payments.
- The second charge is the one-time membership fee. Once a member has paid the membership fee, he or she only pays lot rent. And, members get their membership fee back if they sell their homes.
- The current lot rent is $500 per month plus water charges based on household usage.
- The one-time membership fee is $200.
- Before the homeowners bought Park Plaza, we had monthly rent increases of about $20 almost every year. We now have control over when and why our rent changes.
- Park Plaza charges new members a non-refundable $25 application fee for each adult in the household. Find an application here.