Cohousing-L Mailing List: Re: Limited Common Elements and HOA Dues

[Dahako (Dahako]

Hi Ann -
 
I think the CAI (condo association) folk had something on this a couple  
years back.  Stan Serson, the guy who was EVC's construction advocate  and a 
big 
CAI stalwart, might have some ideas.  
 
My recollection is that the mainstream professional way to handle dues for  
limited common elements (LCEs) such as balconies is to get the company that  
estimates your replacement reserves to break out a separate reserve estimate 
for 
 the balconies, and then allot most of that cost to the owners who have 
access to  the element. The remainder of the cost is covered by the community 
as a 
whole,  and is used for the portion of the element that structurally links in 
to the  overall building.  For an on-ground patio, I think the entire 
replacement  amount can be allotted to the owners involved.  
 
For some LCE's, the owner can be held responsible for interior maintenance  
and the condo association for exterior and structural maintenance, akin to the  
responsibilities involved in maintaining the personal living space.
 
Jessie Handforth Kome
Eastern Village Cohousing
Silver Spring, Maryland
Where