IDLEWILD AT VERANDAH

IDLEWILD AT VERANDAH Application for Sale Idlewild Address: Date of Application: Unit Owner Name: PLEASE NOTE: Prior approval by the Board of Directors is required before any unit can be occupied. A check to cover the required $100 fee must be provided by the Unit Owner and accompany this application. A copy of the Sale Contract must be attached. Checks must be made payable to: IDLEWILD AT VERANDAH CONDO ASSOCIATION and returned with this application to: Vesta Property Services, 27180 Bay Landing Dr Ste 4, Bonita Springs, FL 34135. Buyer Information (PLEASE PRINT) Applicant s Name: Present Address: Phone No. Home: Business: Cell: E-mail Address: Others who will occupy unit: Name: Relationship: Name: Relationship: Details of any pets: Vehicles: Make, Model & Year Lic.Plate# Make, Model & Year Lic.Plate# Please note that in accordance with the governing documents, trucks (including pick-ups), must be kept in the garage Personal References/ Name & Phone No. 1) 2) Contact Name (in case of emergency): Phone: 1

Address for mailing of association notices, etc., after closing: Title Company Name: Closer s Name: Telephone No.: E-mail: The undersigned authorizes the Board of Directors and the Agents of the Board of Directors of the IDLEWILD AT VERANDAH Condominium Association, Inc. to obtain any and all background information relating to the undersigned and further authorizes any and all of the undersigned s creditors and credit bureaus to release any and all of the undersigned s credit history to the Idlewild at Verandah Condominium Association, Inc. The undersigned certifies that all the information provided above as well as the references set forth above are true and correct and that the occupancy of the above unit is upon the accuracy of said information and that removal proceedings may result against the undersigned should it be established that any of said information is not true and correct. The undersigned certifies by the undersigned s signature(s) that the Rules & Regulations of the IDLEWILD AT VERANDAH CONDOMINIUM ASSOCIATION, INC. have been read in their entirety and understood and agrees to abide by them before entering into any agreement for the lease or purchase of the above unit and before the execution of this application form. A remainder of those issues of importance to unit owners and renters is attached hereto. NOTE: The Rules & Regulations represent supplemental restrictions, policy statements and resolutions of procedure authorized by the By Laws of IDLEWILD AT VERANDAH CONDOMINIUM ASSOCIATION. A prospective purchaser should refer to all of the governing condominium documents existing at the time this application form is executed by the undersigned. Applicant s Signature: Date: Unit Owner/Agent Signature: Date: Reminder: A copy of the fully executed sale contract must be attached. The Board of Directors will not consider incomplete applications. Return all documents to: IDLEWILD AT VERANDAH CONDOMINIUM ASSOCIATION c/o Vesta Property Services, LLC 27180 Bay Landing Drive, Suite 4 Bonita Springs, FL 34135 Phone: 239-947-4552 Fax: 239-495-1518 Approved: Date: 2

PET REGISTRATION FORM for IDLEWILD AT VERANDAH (Attach photo of pet here) DATE OF APPLICATION: RESIDENT S NAME (applicant): ADDRESS: UNIT # HOME PHONE: TYPE OF PET: AGE OF PET: PET NAME: VET S NAME WORK/CELL PHONE EXACT PRESENT WEIGHT: FULL GROWN WEIGHT: BREED/COLOR: PHONE: I understand that any falsification of information or failure to register my pet may result in the denial of approval by the Board. I further understand that I am fully responsible for the actions of my pet and have read the Rules and Regulations regarding the control of my pet. Photo of pet included (check one): YES NO If not, I understand that a photo of my pet needs to be registered with the Association. Signature of Owner Association Approval Print Name Approval Denied Please mail or fax the completed application to: Vesta Property Services 27180 Bay Landing Drive Ste. 4 Bonita Springs FL 34135 Fax: 239 495-1518

IDLEWILD AT VERANDAH CONDOMINIUM ASSOCIATION, INC. 2018 Q&A Q: What are my voting rights in the condominium association? A: Each unit is entitled to one (1) vote. Q. What restrictions exist in the condominium documents on my right to use my unit? A: The units are for single-family residences only. Homeowners are not allowed to keep a domestic pet (i.e., dogs, cats, and birds) without the prior written permission of the board. Under any circumstances may any breed of dog commonly known as a bit bull be permitted on any portion of the property. Any pet must be carried or kept on a leash when outside of a home or fenced-in area. No pet shall be tied outside of a home or kept in any screened lanai unless someone is present in the home. A homeowner shall immediately pick up and remove any solid waste deposited by his or her pet. There are other use restrictions that may be important to any specific owner, and all restrictions should be reviewed carefully. (See Declaration of Condominium Section 17 and all amendments thereto.) Q: What restrictions exist in the condominium documents on the leasing of my unit? A: A unit may not be leased for a period of less than thirty (30) days nor more than three (3) times per calendar year. See Declaration of Condominium Section 17.1. Q: How much are my assessments to the condominium association for my unit type and when are they due? A: Assessments are due quarterly, 1/1, 4/1, 7/1, 10/1. $1,000.00 maintenance per quarter. Q: Do I have to be a member in any other association? If so, what is the name of the association and what are my voting rights in this association? Also, how much are my assessments? A: Yes, Verandah Community Association. Call 239-694-7199. Assessments are paid directly to Verandah. The master is developer owned. There are three directors: two from Bonita Bay and one from Verandah. Q: Am I required to pay rent or land use fees for recreational or other commonly used facilities? If so, how much am I obligated to pay annually? A: No. Q: Is the condominium association or other mandatory membership association involved in any court cases in which it may face liability in excess of $100,000.00? If so, identify each such case. A: No. THE STATEMENTS CONTAINED HEREIN ARE ONLY SUMMARY IN NATURE. A PROSPECTIVE PURCHASER SHOULD REFER TO ALL REFERENCES, EXHIBITS HERETO, THE SALES CONTRACT, AND THE CONDOMINIUM DOCUMENTS.

IDLEWILD AT VERANDAH CONDOMINIUM For the Period January 1, 2018 through December 31, 2018 Approved Budget 2018 112 Units Income 2017 BUDGET ACTUAL 09/30/17 ESTIMATED 3 MONTHS 2017 ESTIMATED YEAR END BUDGET 2018 410 Operating Assessments 375,089 281,315 93,772 375,087 317,854 420 Reserve Assessments 72,913 54,685 18,228 72,913 130,146 425 Prior Year Surplus - - - - 90,000 435 Rock Install Income - 5,950 1,983 7,933-440 Gate Remote Income - 50 17 67-460 Miscellaneous Income - - - - - 470 Late Charges - 1,300 433 1,733-475 Owners Interest/LF Charges - 640 213 854-481 Lease Application Fees - 1,950 650 2,600-482 Purchase Application Fees - 800 267 1,067-497 Interest Income - Checking - 481 160 642-498 Interest Income - Reserves - 2,938 979 3,918 - Total Income 448,002 350,110 116,703 466,813 538,000 Expenses Maintenance 501 Pest Control 19,305 13,978 4,659 18,637 17,782 502 Repairs/Maintenance 22,500 8,358 2,786 11,144 22,500 503 Pool Maintenance 11,700 8,775 2,925 11,700 11,700 505 Pool/Spa Repairs 3,000 1,511 504 2,015 3,000 506 Pool Deck/Amenity 3,000 3,643 1,214 4,858 3,000 507 Dryer Vent Cleaning - - - - 1,800 508 Roof Repairs 15,000 4,409 1,470 5,878 18,000 509 Irrigation Repairs & Maint. 4,000 4,758 1,586 6,344 16,000 510 Janitorial Service 2,920 2,168 723 2,891 3,240 511 Building/Janitorial Supplies 300 206 69 274 300 512 Exercise Equipment Maint. 875 418 139 558 875 514 Pressure Cleaning 3,200 - - - 3,200 515 Contingency - - - - 3,881 519 Hurricane Expenses - 17,363 10,000 27,363 - Utilities 520 Electricity - Street Lights 1,900 1,496 499 1,994 2,000 521 Electricity 11,000 8,859 2,953 11,811 12,000 522 Irrigation Water 14,000 13,967 4,656 18,623 18,000 523 Telephone 1,000 793 264 1,057 1,000 524 Water & Sewer 51,000 28,784 9,595 38,379 40,000 Management & Administration 534 Management Fee 19,865 14,899 4,966 19,865 20,262 535 Postage & Office Expense 4,989 2,476 825 3,301 4,000 536 Bad Debt Expense - - - - - 539 Background Checks 500 780 260 1,040 500 540 Social - 143 48 191 850 541 Taxes & Licenses 2,400 2,655-2,655 2,655 542 Property Insurance 56,000 34,622 11,541 46,162 50,000 543 Insurance - Flood 29,500 25,604 8,535 34,139 38,000 550 Collection Fees 100 - - - 100 551 Professional & Legal Fees 2,000 (606) - (606) 2,000 552 Accounting/Audit - - - - - 570 Fees to Division 448 448 149 597 448 571 Corporate Annual Fee 61 61-61 61 573 Annual Party 725 482 161 643 - Landscape 581 Grounds Maint. Contract 59,801 45,001 15,000 60,001 60,000 582 Mulch/Grounds Maint - Common 6,000 980 327 1,307 12,000 585 Plant/Turf Replacement 22,000 17,143 5,714 22,858 27,000 586 Lanai Rock Install - 5,950 1,983 7,933-589 Tree Trimming/Replacement 6,000 4,530 1,510 6,040 11,700 Total Operating Expenses 375,089 274,654 95,060 369,715 407,854 Transfer Interest to Reserves - 2,938 979 3,918 - Reserve Funding 72,913 54,685 18,228 72,913 130,146 Total Common Expenses 448,002 332,278 114,268 446,545 538,000 Net Income/(Expense) - 17,832 2,436 20,268-2018 Idlewild Budget - Proposed 2/3/2018

IDLEWILD AT VERANDAH CONDOMINIUM Budget Reserves For Capital Expenditure And Deferred Maintenance For the Period January 1, 2018 through December 31, 2018 Approved Budget 2018 112 Units Current 2018 9/30/2017 Add'l Estimated Annual Board 2/3/2018 Estimated Estimated Estimated Current Reserve Reserve Additional Funding Approved Life When Replacement Remaining Reserve Funding Balance Reserves Required Funding Item New (Years) Cost Life (Years) Balance 12/31/2017 1/1/2018 Required 2018 2018 Common Areas Paving 25 $ 57,000 12 20,111 583 20,694 36,306 3,026 3,026 Pavers 35 $ 84,000 22 20,065 940 21,005 62,995 2,863 2,863 Pool 15 $ 15,000 2 10,338 460 10,798 4,202 2,101 2,101 Pool Furniture and Amenity 7 $ 15,000 3 5,018 616 5,634 9,366 3,122 3,122 Uninsurred Loss 0 $ 50,000 1 - - - 50,000 50,000 50,000 Unallocated Interest 8,705 979 9,684 - - - Subtotal 221,000 64,237 3,578 67,815 162,869 61,112 61,112 Total All Phases Roof 25 $ 1,135,000 12 624,962 9,695 634,657 500,343 41,695 41,695 Paint 7 $ 110,000 5 26,306 3,747 30,053 79,947 15,989 15,989 Pressure Clean 3 $ 25,000 1 11,463 2,188 13,651 11,349 11,349 11,349 Subtotal 1,270,000 662,732 15,629 678,361 591,639 69,034 69,034 Total $ 1,491,000 $ 726,968 $ 19,208 $ 746,176 $ 754,508 $ 130,146 130,146 WAIVING OF RESERVES, IN WHOLE OR IN PART, OR ALLOWING ALTERNATIVE USES OF EXISTING RESERVES MAY RESULT IN UNIT OWNER LIABILITY FOR PAYMENT OF UNANTICIPATED SPECIAL ASSESSMENTS REGARDING THOSE ITEMS. 2018 Idlewild Budget - Proposed 2/3/2018

IDLEWILD AT VERANDAH CONDOMINIUM Reserve & Operating Assessment Schedules For the Period January 1, 2018 through December 31, 2018 Approved Budget 2018 ANNUALLY QUARTERLY OPERATING ASSESSMENT $ 2,837.98 $ 709.50 RESERVE ASSESSMENT $ 1,162.01 $ 290.50 TOTAL: $ 4,000.00 $ 1,000.00 2017 Figures For Reference ANNUALLY QUARTERLY Operating Assessment $ 3,349.01 $ 837.25 Reserve Assessment $ 651.01 $ 162.75 $ 4,000.02 $ 1,000.00 FUNDING SCHEDULE TOTAL EXPENSES $ 538,000 BUDGETED RESERVES $ 130,146 # Units 112 OTHER INCOME $ 90,000 OPERATING ASSESSMENTS REQUIRED $ 317,854 Contracts Vendor 0 Amount Management Vesta Property Services 0 $ 20,262.00 Landscape Personnel Touch 0 $ 60,000.00 Termite and Pest Blue Sky 0 $ 17,781.36 Fire Control Superior Fire 0 $ 3,820.00 Cleaning Crystal Clean 0 $ 3,240.00 Pool Genter 0 $ 11,700.00 2018 Idlewild Budget - Proposed 2/3/2018

Run Date: 01/25/18 Page: 1 Run Time: 12:20 AM IDLEWILD AT VERANDAH Balance Sheet As of 12/31/17 Account Description Operating Reserves Other Totals ASSETS Operating Bank Accounts 148 ALLIANCE OP 4739 34,822.56 34,822.56 170 BANKUNITED OPERATE 9761 91,508.06 91,508.06 171 VNB MONEY MARKET 1779 216,703.85 216,703.85 343,034.47.00.00 343,034.47 Reserve Assets: 175 BANKUNITED RESERVES 9796 110,602.38 110,602.38 177 BANKUNITED ICS RESERVE 796 223,157.12 223,157.12 161 EVERBANK RESERVE MMKT 3933 91,250.98 91,250.98 163 EVERBANK RES CD 8/19/19 2.3% 161,914.21 161,914.21 164 EVERBANK RES CDARS 1758 2/18 15,323.56 15,323.56 142 SSFCU RES SAVINGS 00 5.00 5.00 143 SSFCU RES CKG 50 13,429.95 13,429.95 144 SSFCU RES MMKT 68 30,217.70 30,217.70 146 SSFCU RES CD 4/7/21 2.25% 103,949.37 103,949.37.00 749,850.27.00 749,850.27 Accounts Receivable 112 A/R - OWNER ASSESSMENTS 115.33 115.33 115 A/R OWNER INTEREST CHARGES 4.46 4.46 119.79.00.00 119.79 Other Assests 122 PREPAID INSURANCE 62,984.78 62,984.78 123 PREPAID EXPENSES 448.00 448.00 63,432.78.00.00 63,432.78 TOTAL ASSETS 406,587.04 749,850.27.00 1,156,437.31 =============== =============== =============== ===============

Run Date: 01/25/18 Page: 2 Run Time: 12:20 AM IDLEWILD AT VERANDAH Balance Sheet As of 12/31/17 Account Description Operating Reserves Other Totals LIABILITIES & EQUITY CURRENT LIABILITIES: 207 PREPAID ASSESSMENTS 35,351.75 35,351.75 210 ACCOUNTS PAYABLE 10,248.34 10,248.34 Subtotal Current Liab. 45,600.09.00.00 45,600.09 Reserve Funds 301 RESERVE - PAVING 20,693.85 20,693.85 302 RESERVE - ROOF 634,656.64 634,656.64 303 RESERVE - PAINT 30,053.34 30,053.34 304 RESERVE - PRESSURE CLEAN 13,650.92 13,650.92 305 RESERVE - POOL 10,797.79 10,797.79 309 UNALLOCATED RESERVE INTEREST 13,358.57 13,358.57 311 RESERVE: PAVERS 21,005.00 21,005.00 312 RESERVES: POOL FURNITURE 5,634.16 5,634.16.00 749,850.27.00 749,850.27 EQUITY: 350 OWNERS EQUITY 356,192.65 356,192.65 Current Year Net Income/(Loss) 4,794.30.00.00 4,794.30 Subtotal Equity 360,986.95.00.00 360,986.95 TOTAL LIABILITIES & EQUITY 406,587.04 749,850.27.00 1,156,437.31 =============== =============== =============== ===============

Run Date: 01/25/18 Page: 1 Run Time: 12:20 AM INCOME: IDLEWILD AT VERANDAH Income/Expense Statement Period: 12/01/17 to 12/31/17 Current Period Year-To-Date Yearly Account Description Actual Budget Variance Actual Budget Variance Budget 00410 OPERATING ASSESSMENTS 31,257.25 31,257.38 (.13) 375,087.00 375,089.00 (2.00) 375,089.00 00420 RESERVE ASSESSMENT.00.00.00 72,913.00 72,913.00.00 72,913.00 00435 ROCK INSTALL INCOME.00.00.00 5,950.00.00 5,950.00.00 00440 GATE REMOTE INCOME 10.00.00 10.00 85.00.00 85.00.00 00470 LATE CHARGES.00.00.00 1,800.00.00 1,800.00.00 00475 OWNERS INTEREST CHARGES 2.49.00 2.49 596.14.00 596.14.00 00481 LEASE APPLICATION FEES 700.00.00 700.00 2,750.00.00 2,750.00.00 00482 PURCHASE APPLICATION FEES.00.00.00 900.00.00 900.00.00 00497 INTEREST INCOME 55.09.00 55.09 654.11.00 654.11.00 00498 INTEREST - RESERVES 3,970.17.00 3,970.17 7,592.02.00 7,592.02.00 Subtotal Income 35,995.00 31,257.38 4,737.62 468,327.27 448,002.00 20,325.27 448,002.00 EXPENSES MAINTENANCE 00501 PEST CONTROL CONTRACT 1,909.78 1,608.75 (301.03) 19,065.36 19,305.00 239.64 19,305.00 00502 REPAIRS & MAINTENANCE 6,718.13 1,875.00 (4,843.13) 15,367.76 22,500.00 7,132.24 22,500.00 00503 POOL MAINTENANCE 975.00 975.00.00 11,700.00 11,700.00.00 11,700.00 00505 POOL/SPA REPAIRS 310.00 250.00 (60.00) 1,896.40 3,000.00 1,103.60 3,000.00 00506 POOL DECK/AMENITY 295.74 250.00 (45.74) 4,047.59 3,000.00 (1,047.59) 3,000.00 00508 ROOFING REPAIR.00 1,250.00 1,250.00 5,588.50 15,000.00 9,411.50 15,000.00 00509 IRRIGATION REPAIRS & MAINT. 6,031.97 333.37 (5,698.60) 11,325.87 4,000.00 (7,325.87) 4,000.00 00510 JANITORIAL SERVICE 250.00 243.37 (6.63) 2,917.88 2,920.00 2.12 2,920.00 00511 BUILDING/JANITORIAL SUPPLIES 121.22 25.00 (96.22) 436.45 300.00 (136.45) 300.00 00512 EXERCISE EQUIPMENT MAINT.00 72.88 72.88 418.41 875.00 456.59 875.00 00514 PRESSURE CLEANING 3,080.00 266.63 (2,813.37) 3,080.00 3,200.00 120.00 3,200.00 00519 HURRICANE EXPENSE 664.95.00 (664.95) 29,076.87.00 (29,076.87).00 MAINTENANCE 20,356.79 7,150.00 (13,206.79) 104,921.09 85,800.00 (19,121.09) 85,800.00 UTILITIES 00520 ELECTRICITY - STREET LIGHTS 167.74 158.37 (9.37) 1,998.97 1,900.00 (98.97) 1,900.00 00521 ELECTRIC 1,161.36 916.63 (244.73) 11,963.98 11,000.00 (963.98) 11,000.00 00522 MASTER IRRIGATION WATER 983.46 1,166.63 183.17 16,931.70 14,000.00 (2,931.70) 14,000.00 00523 TELEPHONE 86.95 83.37 (3.58) 1,055.96 1,000.00 (55.96) 1,000.00 00524 WATER & SEWER 4,185.69 4,250.00 64.31 40,208.26 51,000.00 10,791.74 51,000.00 UTILITIES 6,585.20 6,575.00 (10.20) 72,158.87 78,900.00 6,741.13 78,900.00

Run Date: 01/25/18 Page: 2 Run Time: 12:20 AM ADMINISTRATIVE IDLEWILD AT VERANDAH Income/Expense Statement Period: 12/01/17 to 12/31/17 Current Period Year-To-Date Yearly Account Description Actual Budget Variance Actual Budget Variance Budget 00534 MANAGEMENT FEE 1,655.42 1,655.38 (.04) 19,865.04 19,865.00 (.04) 19,865.00 00535 OFFICE EXPENSES 368.16 415.75 47.59 3,348.03 4,989.00 1,640.97 4,989.00 00539 CRIMINAL RECORDS CHECKING 120.00 41.63 (78.37) 900.00 500.00 (400.00) 500.00 00540 SOCIAL.00.00.00 159.55.00 (159.55).00 00541 TAXES LICENCES & DUES.00 200.00 200.00 2,655.35 2,400.00 (255.35) 2,400.00 00542 PROPERTY INSURANCE 3,807.14 4,666.63 859.49 46,122.30 56,000.00 9,877.70 56,000.00 00543 INSURANCE - FLOOD 2,400.74 2,458.37 57.63 32,936.08 29,500.00 (3,436.08) 29,500.00 00550 COLLECTION FEES.00 8.37 8.37.00 100.00 100.00 100.00 00551 PROFESSIONAL & LEGAL FEES.00 166.63 166.63 (605.55) 2,000.00 2,605.55 2,000.00 00570 FEES TO DIVISION.00.00.00 448.00 448.00.00 448.00 00571 CORPORATE ANNUAL FEE.00.00.00 61.25 61.00 (.25) 61.00 00573 ANNUAL PARTY.00 60.38 60.38 482.35 725.00 242.65 725.00 ADMINISTRATIVE 8,351.46 9,673.14 1,321.68 106,372.40 116,588.00 10,215.60 116,588.00 LANDSCAPE 00581 GROUNDS MAINT CONTRACT 4,800.90 4,983.38 182.48 58,873.72 59,801.00 927.28 59,801.00 00582 GROUNDS MAINT - COMMON.00 500.00 500.00 7,293.20 6,000.00 (1,293.20) 6,000.00 00585 PLANT REPLACEMENT 5,737.78 1,833.37 (3,904.41) 22,928.67 22,000.00 (928.67) 22,000.00 00586 LANAI ROCK INSTALL.00.00.00 5,950.00.00 (5,950.00).00 00589 TREE TRIMMING/REPLACEMENT.00 500.00 500.00 4,530.00 6,000.00 1,470.00 6,000.00 LANDSCAPE 10,538.68 7,816.75 (2,721.93) 99,575.59 93,801.00 (5,774.59) 93,801.00 RESERVE FUNDING 00901 RESERVE - PAVING/RESURFACE.00.00.00 2,332.00 2,332.00.00 2,332.00 00902 RESERVE: ROOF.00.00.00 38,779.00 38,779.00.00 38,779.00 00903 RESERVE: PAINTING.00.00.00 14,988.00 14,988.00.00 14,988.00 00904 RESERVE: PRESSURE CLEAN.00.00.00 8,750.00 8,750.00.00 8,750.00 00905 RESERVE: POOL.00.00.00 1,839.00 1,839.00.00 1,839.00 00909 RESERVE INTEREST 3,970.17.00 (3,970.17) 7,592.02.00 (7,592.02).00 00911 RESERVE: PAVERS.00.00.00 3,761.00 3,761.00.00 3,761.00 00912 RESERVE: POOL FURNITURE.00.00.00 2,464.00 2,464.00.00 2,464.00 RESERVE FUNDING 3,970.17.00 (3,970.17) 80,505.02 72,913.00 (7,592.02) 72,913.00 TOTAL EXPENSES 49,802.30 31,214.89 (18,587.41) 463,532.97 448,002.00 (15,530.97) 448,002.00 Current Year Net Income/(loss (13,807.30) 42.49 (13,849.79) 4,794.30.00 4,794.30.00 ============== ============== ============== ============== ============== ============== ==============