Feb 10 2020, 09:18 AM
QUOTE(maxisfibre @ Feb 8 2020, 09:18 PM)
My condo. Around 370 units, commercial title. Got shop lot . Shop lot might be equivalent to 120 units (roughly estimation base on square feet). Lets assume is 500 units contributing to maintenance fees. Mgmt propose maintenance fees for next yr 0.375 per sf. which is a shocking amount. Currently is 0.275 per SF only. Next yr will be the first yr after defect liability from developer started to end.
The facility is only swimming pool + aqua gym + gym
How to know is it overrun or anything? Currently electricity , security cleaning , Mgmt office is spending 65% of total fund collected every mth.
shop lot need to pay for their own maintenance as well and is separate charges The facility is only swimming pool + aqua gym + gym
How to know is it overrun or anything? Currently electricity , security cleaning , Mgmt office is spending 65% of total fund collected every mth.
last time my condo maintenance is like shit because the management is too lenient in collecting maintenance fees, a lot of owners include the shop lot never pay end up we are having insufficient fund until recently the management decide to go legal way to blacklist those who didnt pay, then they managed to get back on track on the maintenance funds
i assume the condo you stayed in is quite new since defect liability is going to expired soon, probably your building management need to check and see who never pay the maintenance fees, and chase it back
and you mentioned only spending 65% of the fund, then what about the remaining 35%? by right if increase also wont be so soon since a lot of facilities is still new and every month there is a remaining of 35%
Quote
0.0177sec
0.83
6 queries
GZIP Disabled