Common Charges up 9%
Started by hol4
about 17 years ago
Posts: 710
Member since: Nov 2008
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Probably. The initial common charges were based on an estimate done when they filed with the A.G. So the 9% represents the differenece between an estimate "3?" years ago vs today...
Pardon my greenness, what is A.G?
attorney general
A common charge increase within the first year of operation is unusual.
so much for that whole "owners can keep their costs the same" line of reasoning...
Real estate taxes have gone up dramatically throughout the city. This could easily account for the 9% increase.
Review the offering plan and ask the sponsor which costs accounted for the increase.
"Real estate taxes have gone up dramatically throughout the city. This could easily account for the 9% increase."
If there's one thing I can absolutely guarantee you, it's that the Common Charges did not go up 9% because Real Estate taxes have gone up throughout the city.