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Amenity Fees
I've noticed my amenity fees are creeping up. Now it is $149.22. Last time I looked it was $145.00
Is there a cap on rate hikes? |
The exact language is in your deed restriction documents. They can be found on districtgov.org. The skinny is that the increase it tied to the Consumer Price Index (CPI).
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It will continue to go up till the day you die!
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Mine actually went down almost a whole dollar this past billing period!
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Your amenity fees increase/decrease according the the Consumer Price Index each year. The date is keyed to the anniversary date you started paying the amenity fees. Currently there is a "cap" on amenity fees of around $155/month. It currently can not increase above that. The cap can be changed by district government.
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Please post a reference regarding a cap as I have never seen such language.
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http://www.poa4us.org/bulletins_file...etin201606.pdf |
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Buyers that buy a home right now start at $145 a month. Your amenities bill can change during the month that your home was originally given its certificate of occupancy (CO). So if the home was completed in April then the amenities Bill can go up in April. Yes it is tied to the consumer price index and cannot go any higher than that during your renewal period. The person that said their amenities actually went down a dollar may be looking at their total bill not the amenities portion only!
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I am amazed that the fees are only going us $4 per month. And this generates complaints?
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