|Re: Special Assesments||<– Date –> <– Thread –>|
|From: Sharon Villines (sharonsharonvillines.com)|
|Date: Thu, 5 Sep 2013 07:45:43 -0700 (PDT)|
On Sep 5, 2013, at 10:17 AM, thea hensel <theahensel [at] gmail.com> wrote: > We also have need for a much larger pool of money; needed to cover a > substantial reconstruction. We have to asses each unit a substantial > amount and wonder if any co housing community has done this? I don't know the California market but in general having large assessments apart from monthly fees will affect sales. It is considered a sign of a badly managed community. It would be better for the community to take out a loan and temporarily raise monthly dues to cover the payments. That would also ensure that repayment follows the same proportions as your monthly dues -- size of unit or whatever. Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org
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