Re: Long Term R&R fund for windows | <– Date –> <– Thread –> |
From: Larry Miller (larry.millercharter.net) | |
Date: Mon, 9 Mar 2009 13:03:43 -0700 (PDT) |
We are also a condo model community. Our CC&Rs clearly define exterior door and window maintenance and replacement as the responsibility of the homeowner. I could imagine that this would be very problematic to be a community responsibility. These are long lived items where the end of life may substantially depend on usage by individual owners. Wholesale replacement would be difficult and probably unnecessary. The need for replacement is also likely to be somewhat subjective as some might want to replace a certain window while others would be happy to live with it. I would suggest that windows replacement be a homeowner responsibility and, whenever the CC&Rs are amended, that this be unambiguously added to the CC&Rs. Larry Miller Oak Creek Commons -----Original Message----- From: Randy Sailer [mailto:randy.sailer [at] oit.umass.edu] Sent: Monday, March 09, 2009 11:57 AM To: cohousing-l [at] cohousing.org Subject: [C-L]_ Long Term R&R fund for windows At Rocky Hill we are working on budgeting for our reserve for replacement for our common elements and those elements on homes that the association is responsible for (ie painting, roofs, etc). (We have a condo model). Our by-laws aren't particularly clear about a few things. Far and away the biggest and most important (expensive) are our windows. We need to decide whether we should build our reserve to pay for window replacements or leave them to the responsibility of the homeowner. Advantages of the community collecting: Builds reserve and makes it easy to replace the windows when necessary. Ensures windows are replaced when bad (thus preventing damage to other elements in the event of failure) Forced savings for association members that makes sure the windows get replaced. Community standard for quality of new windows easier to enforce. Advantages of individual owners paying for replacement at time of need: Lower on-going condo fee. Individual unit owners responsible for maintenance (ownership of maintenance). At some level, the community can decide on standards via our regular processes and enforce them. Also, the community has the ability to make or force repairs on a unit if something is wrong.... One thought we had was splitting the difference (community builds up reserve for half, homeowner pays half). We are wondering what other condo based communities do? Are unit windows included or excluded... Any thoughts? Advice? Thanks, Randy Sailer Rocky Hill Cohousing _________________________________________________________________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://www.cohousing.org/cohousing-L/
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Long Term R&R fund for windows Randy Sailer, March 9 2009
- Re: Long Term R&R fund for windows Sharon Villines, March 9 2009
- Re: Long Term R&R fund for windows Larry Miller, March 9 2009
- Re: Long Term R&R fund for windows David Entin, March 9 2009
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