Condominium Dues

meeting.jpgDues in their many forms in shapes in a condo ownership may seem steep but considering the amount you’d have to pay for tearing down the old chimneys may sound reasonable. Besides, the convenience and additional amenities you may get when you purchased the unit does need upkeep and so does the grounds in and around the condo facility. The tennis courts, swimming pools, landscaping and other up-keep needs are shared among all unit owners and other issues such as complaints are also handled in the same manner. Meetings of unit owners and information leaflets keep residents informed of the goes in the building as well as reports regarding safety and coordination with law enforcement. In meetings, be sure to question all your doubts for there is a need to do so. Some condos let facilities such as function rooms out for rent to friends and affiliates of owners and the money they get from these rentals also get into the up-keep of the building. There is also a security issue with it being a necessity for most areas. Don’t be scared of dues for they are for your benefit as well as for the whole condo community.

This entry was posted on Saturday, May 17th, 2008 at 1:18 pm and is filed under Condo 101 Tips, Security. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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