Monthly fees
From: Progressive Dane (prodanenewparty.org)
Date: Sun, 7 Nov 1999 13:43:15 -0700 (MST)
I've searched the archives extensively, but would still need help
answering the following question:

What should our monthly fee be?

We've operated without a budget for two years (yikes!) as we turn this
three duplex retrofit cohousing into a condo association (soon, very 
soon). We've all paid what amounts to a monthly rent and paid mortgages
out of that. The remainder has been used (perhaps not wisely?) for 
exterior painting, needed insulation, shared utilities and many smaller
ticket items. In practice, we've worked out the maintenance and 
improvements distinctions and believe we've come up with most of the
budget line items we'll need.

Our "monthly fee" has worked out to be around $150 per month. Based on
my search of the archives, this is extremely high. But the posts I've
found don't usually mention actual dollar amounts. Is anyone willing to
share their actual monthly fees and unit numbers so I can see if we're
adding our numbers correctly.

Thanks in advance.

JIM POWELL
Fair Oaks Cohousing
Madison, Wisconsin
Ten adults, four kids, two cats, one dog, two hawks, a murder of crows,
a possum, a beaver, several woodchucks, and a seldom seen skunk living
in 6 two-bedroom flats in three duplexes with a large garden and common
area (but no common house yet) next to a creek and city park.

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