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April 12, 2016

Rossmoor-ese

For those of you interested in Rossmoor, it has its own special terminology. I can help you navigate this alternative universe. Please see the chart below for definitions:

Rossmoor-eseRegular English
ManorUnit
MutualHome Owners Associaton
CouponMonthly assessment
Golden Rain FoundationOverarching Non-profit Organization that Maintains Infrastructure and Amenities
Level-InNo steps to front door
MODMutual Operating Division-group that maintains structures and landscaping
ProjectDivision of a Mutual. Has its own rules and regulations in addition to Mutual
QualificationIncome Requirement for Coops, even if you pay all cash
CCR’sConditions, Covenant and Restrictions just like any other condo or coop
COOPCooperative Units, different legal structure than condos
Radiant HeatingCertain areas of Rossmoor have no gas available, those units have radiant heating or heat pump or mini splits
Mini SplitsNew to US, used in many parts of the world, heating and cooling units that are quiet and efficient (and expensive)
EntryEach pod of units has its own entry number, makes finding addresses much easier
Hot PoolStanley Dollar pool is hotter than most pools (cooler that hot tub). Good for people with arthritis and other conditions
ModelsRossmoor goes by models. People like this model or that model. This model or that model is level-in for instance.
Single Family HomesJust like in the real world. There are 63 in Rossmoor
Meeting with Mutual and MODPrior to closing on a Mutual, buyers must meet with the Mutual and MOD to know what they can do inside a unit and what requires permits
Golden Rain Foundation ApplicationAll buyers must join the GRF, currently the fee is $9,000. It can be financed.
SecuritasCurrently the firm hired by GRF to provide security

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