|Re: HOA Dues Increase||<– Date –> <– Thread –>|
|From: Jerry Koch-Gonzalez (jerrysociocracyforall.org)|
|Date: Thu, 4 Jul 2019 23:45:12 -0700 (PDT)|
If yoiu have never had a condo fee increase I am either very happy or very sad for you. I assume first of all that in all these 11 years you have for the most part not overspent your budget. Great. But my next question is: have you adequately funded your replacement reserves? If not, you could be in for a big shock - a special assessment or a steep hike in your condo fees. Adequate funding of your replacement reserves is probably a legal requirement in California, and there are definitions of what adequate means. Our condo fees are based on a formula - part on just presence and part on the size of the units. And we have an automatic condo fee increase. So we need consent to lower the amount of increase rather than the other way around. Saves a lot of argument. Jerry Koch-Gonzalez Founding Resident, Pioneer Valley Cohousing Community <http://cohousing.com/> On Fri, Jul 5, 2019 at 12:59 AM G/P Looney-Burman < burloon [at] fresnocohousing.org> wrote: > Our almost-11 year old community of 28 homes has never had an HOA dues > increase, and we are now, obviously belatedly, going to have one. We're > asking for input regarding methods of dues increase: how do you determine > how much of an increase is needed? How do you reach consensus or agreement > about having an increase? Are your dues based on the size of each home? > Have you had annual increases? Increases as needed? > > > > Any information is welcome! Thank you in advance. > > > > Pat Looney-Burman > > La Querencia (Fresno Cohousing) > > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://L.cohousing.org/info > > > >
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