|Re: Common cost surcharges (Shelly DeMeo)||<– Date –> <– Thread –>|
|From: Laura Agnew (laurangel_2000yahoo.com)|
|Date: Sat, 7 Jun 2008 11:02:29 -0700 (PDT)|
Hi Ray. We live in a condo community, and we pay $45/month/unit for maintenance and up-keep. This money also goes towards paying the salary of an employee who maintains the grounds and fixes anything on the outside of our structures. Any maintenance of indoor structures are paid by each owner. So far this fee has been sufficient, but we'll be increasing the fee in July to $55/month due to an increase in prices of all goods and fuel. There are 58 units here. I think our fee is a little high compared with other communities, but we agree it's worth the cost to pay someone to do the difficult work of things like trimming trees and bushes, re-roofing, re-painting structures, cleaning the pool, etc. I hope that helps, Laura Our community is set up as a condominium. In addition to monthly common charges, based upon square footage of each home, the community imposes one-time per square foot surcharges on improvements and additions to existing homes. These surcharges often add a substantial amount to the cost of construction or improvement. While there are several rationales for maintaining the surcharges (which were also folded in to the original unit construction costs), the main one seems to be that the community needs the funds to make future capital improvements. In anticipation of a community discussion on whether to continue the current surcharge policy or modify it, I would be interested to have input from other communities on how they deal with this issue. Are owners surcharged when they improve their property? If so, on what basis? Is there provision for reducing or "sunsetting" these charges over time? Thanks for your input. Ray DeMeo
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