Quote:
Originally Posted by Bogie Shooter
How would build out trigger an increase?
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The idea is that once the non-existent build out occurs, the developer will not have incentive to keep the fees as low as possible to not turn off buyers of new homes. This is a common strategy with many developments. The developer in many developments will eat a lot of maintenance and other costs that would normally be the shared responsibility of all owners, with the idea of keeping HOA fees down while new home sales are active.