Quote:
Originally Posted by newgirl
I was told 4 yrs ago when I bought that my rate would never go above 5% a year..grandfathered in. They lied, a lot!!! Many are here on a budget and raising fees $21 a month plus is so wrong...
|
If they told you that they lied. The sales contract indicates that increases/decreases in the amenity fee are based on the consumer price index (and yes, believe it or not, there have been occasions where it decreased). Lore has it that back in the day Harold Schwartz would make deals to get people into TV (and it appears to be true; there are a handful of households that are paying $40 a month in amenity fees).
I, too, bought 4 years ago, and I believe by that time a cap (called a "deferral") on amenity fees of $155/month had been removed by both the AAC and PWAC.