Amenity Fee increase..are you one of the lucky ones?
Amenity fee adjustments are made annually based off of a CPI index which is calculated monthly. Amenity fee adjustments occur on the month that the home was originally transferred from the developer to the owner. Since amenity adjustments vary because they are based of the CPI index which changes monthly, two homeowners with otherwise identical situations could have vastly different amenity fees over the years simply because their anniversary date landed on months that happened to have lower (or higher) CPI adjustments. Seems like it would make more sense to base the adjustment on a CPI annual average rather than the monthly change percentage so that all homeowners would get approximately the same percentage increase. I placed a call to the utilities office and they confirmed that it works as I described and it is true that over the years, amenity fees can differ notably for identical homes, especially since there is no cap.
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