L.H. from San Francisco County, California writes: Dear Mister Condo, I live in a 3-unit building in San Francisco, CA whereby there is one master meter water bill. The units are the following sizes: Unit 1: 1575 square feet 2-person occupancy, Unit 2: 667 square feet 1-person occupancy, Unit 3: 2533 square feet 4-person occupancy. Each owner…
Tag: Assessments
Why Are Condo Monthly Assessments the Way They Are?
Z.G. from Cook County, Illinois writes: Dear Mister Condo, Can you clarify why condo monthly assessments are based upon percentage of ownership, rather than divided equally among the homeowners (like HOA fees)? The reason I ask is because all fees go towards common area items, such as staff, amenities, building utilities, etc. Percentage of “ownership”…
Shared Condo Elevator Expense
M.G. from New York, New York writes: Dear Mister Condo, We leave in 4 apartments building condo. 3 of the apartments are equally the same with a maintenance of $300.00 per month and one apartment penthouse with maintenance $450.00 per month. The building has an elevator. This year Schindler Elevator Corporation estimated to do some…
Condo Carport Expense Unevenly Assessed
C.C. from Brevard County, Florida writes: Dear Mister Condo, At the condo I live in, all owners are responsible for their carport’s upkeep and repair. It’s time for a lot of us to get new roofs on the carports the board of directors wants all the roofs done at the same time, so our property manager…