Frequently Asked Questions
Q. What is a "management company"?
A. A management company is contracted by the Board of Directors to provide such services as: Collection of assessments, supervision of subcontractors, obtaining bids for subcontracted services and providing financial statements and collection reports, as well as a general clearing house for problem solving, communications with homeowners and the Board of Directors and to serve in an advisory capacity.
Q. What is the Board of Directors?
A. The Condominium Association is a governing body that is required to oversee its business. The Board of Directors is elected by the homeowners, or as otherwise specified in the bylaws.
Q. What is an assessment?
A. The assessment is the periodic amount due from each homeowner to cover the operating expenses of the common area and provide for reserve funds for replacement of common facilities in future years.
Q. What is the difference between an owner, resident, and tenant?
A. A unit owner is a person or entity who legally owns a unit at Watergate at Landmark Condominium. A non-resident owner is a person(s) or entity who legally owns the unit but does not reside at the building. A tenant/resident is a person who is renting a unit from a unit owner or unit owner's agent.
Q. Do the Condo rules apply to me if I'm a renter?
A. Yes! You must ask your landlord for a copy of the condominium Rules & Regulations (also called the Bylaws) which all residents are required to follow. You can also request a copy from the Resident Services Office or read them here.
Q. I am considering buying a unit. Do I need to replace my unit's electrical panel?
A. Please view this letter addressing this commonly-asked question (click here to read).
Q. Are pets allowed?
A. Yes! Pets are allowed. See the Pet Rules in our Other Helpful Documents section of the website.
Q. Is smoking permitted in the common areas?
A. We do have designated common areas where smoking is permitted.
Q. Where does the school bus pick up children?
A. We have school bus stops located inside our property at the Front Entrance (on Yoakum Parkway).
Q. Are there fees for the indoor tennis courts at the Racquet Club or pool?
A. No, there are no fees for the indoor tennis courts at the Racquet Club. Court contracts are available for $5 per hour with a 2-hour maximum per day. Court contracts have to be renewed every 3 months. You can reserve court time by visiting our Court Reserve Portal.
There is no fee for residents to use the pool; however, guests must pay a fee.
Q. Do you have a shuttle bus service?
A. Yes. Our shuttle bus runs on Mondays - Saturdays excluding the following days: New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day. The shuttle takes residents to the metro, shopping destinations and special trips. The schedule is subject to change. To view our current schedule, click here .
A. A management company is contracted by the Board of Directors to provide such services as: Collection of assessments, supervision of subcontractors, obtaining bids for subcontracted services and providing financial statements and collection reports, as well as a general clearing house for problem solving, communications with homeowners and the Board of Directors and to serve in an advisory capacity.
Q. What is the Board of Directors?
A. The Condominium Association is a governing body that is required to oversee its business. The Board of Directors is elected by the homeowners, or as otherwise specified in the bylaws.
Q. What is an assessment?
A. The assessment is the periodic amount due from each homeowner to cover the operating expenses of the common area and provide for reserve funds for replacement of common facilities in future years.
Q. What is the difference between an owner, resident, and tenant?
A. A unit owner is a person or entity who legally owns a unit at Watergate at Landmark Condominium. A non-resident owner is a person(s) or entity who legally owns the unit but does not reside at the building. A tenant/resident is a person who is renting a unit from a unit owner or unit owner's agent.
Q. Do the Condo rules apply to me if I'm a renter?
A. Yes! You must ask your landlord for a copy of the condominium Rules & Regulations (also called the Bylaws) which all residents are required to follow. You can also request a copy from the Resident Services Office or read them here.
Q. I am considering buying a unit. Do I need to replace my unit's electrical panel?
A. Please view this letter addressing this commonly-asked question (click here to read).
Q. Are pets allowed?
A. Yes! Pets are allowed. See the Pet Rules in our Other Helpful Documents section of the website.
Q. Is smoking permitted in the common areas?
A. We do have designated common areas where smoking is permitted.
Q. Where does the school bus pick up children?
A. We have school bus stops located inside our property at the Front Entrance (on Yoakum Parkway).
Q. Are there fees for the indoor tennis courts at the Racquet Club or pool?
A. No, there are no fees for the indoor tennis courts at the Racquet Club. Court contracts are available for $5 per hour with a 2-hour maximum per day. Court contracts have to be renewed every 3 months. You can reserve court time by visiting our Court Reserve Portal.
There is no fee for residents to use the pool; however, guests must pay a fee.
Q. Do you have a shuttle bus service?
A. Yes. Our shuttle bus runs on Mondays - Saturdays excluding the following days: New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day. The shuttle takes residents to the metro, shopping destinations and special trips. The schedule is subject to change. To view our current schedule, click here .
Did You Know...
Kim Dae-Jung - President of the Republic of South Korea from 1998 to 2003 and a 2000 Nobel Peace Prize recipient - once lived at Watergate at Landmark. Today a marble marker stands on our property in memory of this notable former resident.
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Mark Felt - also known by the pseudonym of "Deep Throat" and famous for being the secret informant during the Watergate scandal - was once a resident of Watergate at Landmark. Mr. Felt sat on the Board of Directors and was instrumental in drafting the Bylaws of the Association.
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Wilmer "Vinegar Bend" Mizell - World Series Champion with the Pittsburgh Pirates and Congressman for North Carolina's Fifth District from 1969 - 1975 - was one of the first owners of a condominium at Watergate at Landmark.
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