Exploring how the “The Monthly Assessment” is determined
November’s column generated an interesting and challenging conversation with a reader about his condo’s monthly assessment and how it was determined. Specifically, that conversation related to the recent increase of 23 percent in the monthly assessment, the reason behind the dramatic change, and the procedures for determining and adopting the monthly assessment. We cannot discuss all the issues related to those topics in this column, but it’s worthwhile to begin a series of conversations here about “The Monthly Assessment.” Read the article………….
One of my favorite sayings about Condo Associations is “the emotions are so high because the stakes are so low.”
Rules are one of those necessary evils of life. Our society could not function without them. Just think of the