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Increased costs: how does association share financial burden?


Question:

I am part of a 12 unit Townhome Association here in Nevada. Our current CC&R;'s provide for maintenance of all common areas such as Landscape, parking lot, trash, insurance, water, etc. and we all pay the same amount right now. We are now considering making building maintenance as part of the association responsibility. This would include siding, roofs, decks, outside lighting, gutters and metal flashing, painting etc. Since the individual Townhomes differ in size and some of the units would cost more to maintain then others, what would be an equitable way of charging for monthly assessments. Would it be by square footage of the unit, architectural footprint of each unit, the tax assessment of each unit or what. It doesn't seem fair to charge everyone the same monthly assessment if the smaller units are forced to pay the same as a large unit and I don't think this would even be legal to make someone pay for the maintenance on a larger unit that they have no ownership rights to. I am wondering how other units are assessed and what method you used to arrive at this. Thank you for your comments and suggestions.


Answers (22)

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