Kass: HOA Assessments Based On Square Footage

Question: I live in a condo with 150 different units. Our assessments are based on our square footage. Residents can pay a monthly rent for parking spaces, while guests pay by hour to park in the garage.  Our assessments are high since we have only have 150 units. The garage loses $90,000 a year. Instead of raising the rates on parking, our board chooses to pay the loss by taking it out of our assessments.   Read the Q&A…………….


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