Talk of The Villages Florida - View Single Post - Crazy maintenance fee increase for Lake Denham
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Old 08-10-2024, 12:08 PM
frayedends frayedends is offline
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Quote:
Originally Posted by graciegirl View Post
That's a shame. If you were here all of the time you could see how well this place works and how well it is run. I do not find any shady dealings and I have lived here 18 years now.
I'm there enough to know how well it's run. But my warning to people buying new, first check out the bond and the payment and the interest, that they do not mention. They tell you there is a bond paid over 30 years. They never mention the interest and you have to go onto the CDD website to find payment info.

Second, the maintenance fee that they never mentioned at all. I'm sure it's buried in the closing docs somewhere. Even then, I'm perfectly fine with the fee that I signed up for because I did my research. I also expect increases because maintenance costs obviously increase. But to raise the fee by $330 (56%) after only 1 year seems absurd to me.