Supplements: Gallows Point Management Company Summary Gallows Point is luxury waterfront condo complex comprised of sixty (60) one-bedroom units. within a short stroll to Cruz Bay town and ferry dock. The numerous Gallows Point amenities include a beautiful new pool, spa, floating beachfront swim platform, on site gourmet restaurant, convenience store, concierge services, complimentary shuttle bus, grilling area, laundry facility, generator, and 24 hr. security. The monthly condo fee includes master insurance for fire, liability, etc. (complex does not carry windstorm insurance.), and maintenance of all the common elements of the resort. A portion of the monthly base dues maintains a self-insured reserve fund and capital improvement fund. An additional benefit conveyed to Gallows Point owners is a share in the on-site property Management and Rental Company, a long established program that produces impressive rental income. A monthly management fee is paid by the owner, versus 30-40% of the gross income of each owner. The Gallows Point Management "rental pool" maintains a monthly income distribution system consisting of (a.) base points for the location of the unit, (b.) amenity points for the condition of the unit, (c.) occupancy credit, and (d.) a surcharge pool which is distributed among fully renovated units. The total "points" for each unit is divided into the monthly rental income of the resort, providing owners with a steady return. Ocean view upper Ocean view lower Harbor view upper Harbor view lower Additional services included in the monthly fee for property Management and Rental Company fee of $3650: Management Advertising Marketing Maintenance Landscaping Front desk staffed 24/7 Concierge service Telephone Internet Housekeeping Laundry Kitchen, bed & bath linens Replacement of broken dishes, flatware, pots and pans Cleaning supplies Pest control in units 24/7 security Gallows Point shuttle to town and ferry Power, water (from Gallows RO plant), Satellite are pooled and billed separately. Each unit owner is responsible for their own property taxes. Gallows Point owners can stay in their unit up to 17 weeks per year, then the unit must be offered for overnight accommodations through the Rental Management Company.