Thank you for your reply Shaune but I know how the calculation is supposed to work but they have not shown on any documents the amount per unit factor to show how they came to the amount each unit should pay. We have unit factors for units from 58 unit factors up to and including 78 unit factors for some units. Also, they have not given us the amount per unit factor to calculate the condo fees. For two years we have gotten one sheet of paper for the budget package. My question is do they not have to show how much of the Special Assesssment will go to the pay down the loan and how much will go to the Reserve Fund. My understanding of Special Assessments is that you have to show what you are going to do with exactly – not generally.
Anne A on July 25 2018 at 01:39 PM