|Re: [C-L] Limited Common Elements and HOA Dues||<– Date –> <– Thread –>|
|From: Dave and Diane (daveanddeeverizon.net)|
|Date: Thu, 20 Oct 2005 18:32:58 -0700 (PDT)|
Hi Ann, and all you people in coho-land!We paid for the balconies initially half and half--half by the unit owner, half by the community. This is just speculation, but we may use the same formula when it comes time to repair them.
Below are the percentage interests. I hope this is helpful! 8. Unit Owners' Percentage Interest in Common Areas and Facilities:The percentage of undivided interest of the respective Units in the common areas and facilities has been determined in accordance with Chapter 183A, as amended and as bearing a direct relation to the ratio of the unit value, including the value of Exclusive Use Areas appurtenant to a given Unit, to the aggregate value of all Units at the tiem the Master Deed is recorded. The undivided interest in the common areas and facilities attributable to each Unit is set forth in Exhibit B attached hereto.
Such undivided interest in the common areas and facilities shall not be separated from the Unit to which it appertains, and shall be deemed to be conveyed or encumbered with the Unit even though such interest is not expressly mentioned or described in the conveyance or other instrument.
EXHIBIT B DESCRIPTION OF UNITS AND % OWNERSHIP INTERESTS IN COMMON AREAS Units are identified by Unit number.Rooms: L/D = combination of living room and dining area; K = kitchen; BR = bedroom; B = bath (with tub or shower); U = utility room; Lo = loft, Ba = balcony
Approx. Rooms and Room % INTEREST IN COMMON AREAS (Sq. Ft.) Unit # & Location Area Designations 104 Bsmt & 1st fl., 1168 L/D, K, 3BR, 2B, U 3.89% 105 Bsmt & 1st fl., 1168 . L/D, K, 3BR, 2B, U 3.85% 106 1st fl., 816 L/D, K, 2BR, 1B, U 3.08% 107 1st fl., 1050 L/D, K, 3BR, 1.5B 3.72% 108 1st fl., 1024 L/D, K, 3BR, 1.5B, U 3.55% 109 1st fl., 808 L/D, K, 2BR, 1B, U 3.03% 110 1st fl., 811 L/D, K, 2BR, 1B, U 2.31% 111 Bsmt & 1st fl., 1582 L/D, K, FR, 4BR, 3B 4.88% 201 2nd fl., 830 L/D, K, 2BR, 1B 3.21% 202 2nd fl., 500 L/D, K, 1B 2.17% 203 2nd fl., 620 L/D, K, 1BR, 1B 2.73% 204 2nd fl., 649 L/D, K, 1BR, 1B, U, Ba 2.68% 205 2nd fl., 649 L/D, K, 1BR, 1B, U, Ba 2.36% 206 2nd fl., 800 L/D, K, 2BR, 1B, U, Ba 3.23% 207 2nd fl., 1057 L/D, K, 3BR, 1.5B, Ba 3.95% 208 2nd fl., 1024 L/D, K, 3BR, 1.5B, U, Ba 3.07% 209 2nd fl., 808 L/D, K, 2BR, 1B, U, Ba 3.22% 210 2nd fl., 811 L/D, K, 2BR, 1B, U, Ba 3.12% 211 2nd fl., 769 L/D, K, 2BR, 1B, Ba 3.09% 301 3rd fl., 836 L/D, K, 2BR, 1B 3.57% 302 3rd fl., 500 L/D, K, 1B 2.31% 303, 3rd fl., 519 L/D, K, 1B 2.41% 304 3rd fl., 821 L/D, K, BR, Lo, B, U 3.31% 305 3rd fl., 821 L/D, K, BR, Lo, B, U 3.32% 306 3rd fl., 949 L/D, K, 2BR, Lo, B, U, Ba 3.75% 307 3rd fl., 1201 L/D, K, 3BR, Lo, 1.5B, Ba 4.65% 308 3rd fl.,, 1144 L/D, K, 3BR, Lo, 2B, U, Ba 4.46% 309 3rd fl., 917 L/D, K, 2BR, Lo, B, U, Ba 3.72% 310 3rd fl., 913 L/D, K, 2BR, Lo, B, U, Ba 3.63% 311 3rd fl., 889 L/D, K, 2BR, Lo, B, Ba 3.67% --Diane(:^]P.S. We also have a transfer fee, which returns a small amount of money to the community when a unit is sold. Let me know if you would like more info on that.
MARKETING FACILITATOR JP COHOUSING 617-522-2209 P.O. BOX 420 BOSTON MASSACHUSETTS HTTP://WWW.JPCOHOUSING.ORG On Sun, 16 Oct, 2005, at 11:17 AM, Ann Zabaldo wrote:
------ Forwarded Message From: Ann Zabaldo <zabaldo [at] earthlink.net> Date: Sun, 16 Oct 2005 11:17:43 -0400 To: Cohousing-L <cohousing-l [at] cohousing.org> Subject: Re: [C-L]_ Re: Limited Common Elements and HOA Dues Hi Diane!Thanks for sending this info. I read it through quite carefully. You did aquite a job crafting this! A couple of questions:Is the "proportionate share" by square footage or some other calculationsuch as number of people in a unit or...?Is your plan for allocating costs for maintenance, repair and replacement based on each unit owner being assessed enough in their HOA dues to coverthese costs? Or do you anticipate that the community as a whole will subsidize the maintenance, repair and replacement costs?What I'm interested in finding out is how the costs for repair, maintenanceand replacement is allocated among unit owners.
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