Quote:
Originally Posted by JWish
We closed on a pre-owned home in January 2021 and our amenity fee just increased this month, January, too. Didn’t everyone’s go up? Won’t they always increase with the cost of living index?
|
The date for the increase may not be the anniversary of your closing. It is tied to either the date the house initially went on the market or the very first closing date. It was just a coincidence that you closed in that same month.
As of now, everyone's rate should be increasing on their particular date. Not so long ago the rate was capped/frozen/deferred at a certain amount, but that was removed. If I remember correctly, the AAC proposed to again cap/freeze/defer the rate for CDDs 1-4 but that ran into problems when it was determined that the AAC could not take that action without the PWAC taking a similar action.
The $179 rate discussed in the article will apply to homes with closing dates after Jan 1, 2023. If you currently pay less than that then you will always pay less than those homes. If you currently pay more than that (not sure if that's possible) then you will always pay more than those homes.