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Old 04-01-2024, 05:19 PM
Bill14564 Bill14564 is offline
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Quote:
Originally Posted by biker1 View Post
There isn't any arbitrary increasing of the amenity fee. The amenity fee changes according to the CPI, as per your deed restrictions.
Quote:
Originally Posted by Stu from NYC View Post
Not if they add more functions that add to expenses
Quote:
Originally Posted by biker1 View Post
Doubtful. You have some language that supports that assertion?
I have this language in my deed restrictions:
4.1(c) Each Owner agrees that as additional facilities are requested by the Owner, and the erection of such additional facilities is agreed to by the Developer, that upon a vote of 1/2 of the Owners approving such additional facilities and commensurate charges therefore, the monthly Contractual Amenities Fee provided for herein shall be increased accordingly. For the purpose of all votes, the Developer shall be entitled to one (1) vote for each Homesite owned by the Developer.
Additional facilities -> additional costs -> increased amenities fee. Of note, the addition of these facilities must be approved by 1/2 of the owners so not exactly arbitrary.
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