The monthly amenity fee pays for the amenities. Executive golf, rec centers, swimming pools, etc.
The annual maintenance fee is for maintaining the "grounds" or sometimes referred to a common areas. Mowing, irrigating, flower beds, etc.
The bond may be described as debt incurred in order to pay for so called horizontal improvements. Roads, water, sewage, gas, electric, etc. In a normal subdivision, the developer goes to a lending institution (bank) and borrows the money to prepare the site for building. He then sells lots to builders and his costs associated with the loan are included in the purchase price. That is passed on to the home buyer and included in the advertised price of the home. For reasons open to much discussion, the developer of The Villages does not include the buyer's share of the bond in the advertised purchase price. The buyer's share, plus interest, is handled separately in the form of a annual obligation which may be paid off in lump sum.
That's it in a nutshell. I would advise discussing this in detail with your sales rep when you come down for your visit.
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