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By CondoAssociation.com • May 14, 2017

Should balconies be considered in calculating condo fees?

We have condo 40 units on 8 floors in NY. Percentage of ownership was calculated based on square footage of each unit. Common monthly charges are based on the same percentage. The fact is that some units with the same SF and plan have different size of terraces or balcony. For example same unit on 7th floor has balcony size 140 SF, but unit on 3 floor has terrace 10 times larger - 1,400 SF. Are there any legal ways to change common charges to include proportional for size of balcony or terrace additional charge : for example in the form of surcharge $0.50 per SF of balcony on annual basis. Thank you.

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