Condo Fee & Assessment Breakdown
This section is intended to communicate the value of what each condominium owner receives in exchange for the respective, and continuous, financial contribution made to the condominium’s collective fund. The table below neatly displays expenses that have been deemed to be common, and are arranged by category: Administrative (also includes financial and legal), Services, and the Preservation of the Common Property (maintenance, repairs, and improvements). While the individual items may vary from time to time, with elements if interest deleted or added depending upon the collective need, the listing as a whole serves to communicate the comprehensiveness of our management plan.
Please note that while the content in the table below is impressive in its extensiveness, the table itself remains static. It is only during the Orientation Meeting with prospective buyers where the actual management and common property preservation plan can be demonstrated fully into action. During the Orientation Meeting, prospective buyers (on their way to becoming owners) are able to appreciate the mechanism of how the system of formulated ledgers serves to accurately forecast, support, and develop the budget, such that each line item is cared for in a timely manner and funds are always available for their successful completion.
From time to time, the Board of Directors also selects some minor projects on the list to be completed through owner volunteers. When projects can be accomplished through volunteer work, the money saved is set aside towards more important line items that cannot be accomplished without professional contractors. This also helps to bring the community together and socialize.
INCLUDED IN YOUR MINIMUM MONTHLY PAYMENT |
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ADMIN |
SERVICES |
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COMMON PROPERTY PRESERVATION |
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MAINTENANCE |
REPAIRS |
IMPROVEMENTS |
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Administrative Assistance | Building Insurance | Paint: Trash Container | Roofing & Front Stoop Awnings | New Roofing System | |
Bookkeeping | Cable TV | Paint: Entrance Sign | Gutter & Downspout |
New Gutter & Downspouts System | |
Office Copies | Refuse Removal | Paint: Wood Fencing | Vinyl Siding | New Vinyl Siding | |
Office Postage | Recycling Program | Paint: Stucco & Concrete Surfaces | *Minor Window repairs (not to screens) | New Windows | |
Bank Checks Purchase | Electricity to the parking lot arena | Paint: Deck Wood Structures | *Minor Front Door repairs + touch ups | New Front Doors
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Bank Service Charges |
Pest Control: General Prevention & Eradication |
Paint: 13 Parking Light FIXTURES | *Minor Sliding Door repairs | New Sliding Doors | |
Tax Preparation | Pest Control: Termite Inspections & Eradication | Paint: 12 Parking Light POSTS | Decking Systems (Azek, wood structures) | New Decks | |
Legal |
Landscaping Maintenance | Paint: Deck Lights | Divider Fences | New Divider Fences | |
Insurance Deductible | Snow Removal | Paint: Mailboxes | Vinyl Railings |
New Vinyl Railings | |
Bank Debt Service | Paint: Address Plates | 13 Parking Light FIXTURES | New Parking Light FIXTURES | ||
Large Tree Pruning & Removal | 12 Parking Light POSTS | New Parking Light POSTS | |||
Gutter Cleaning | Electric Repair to Common Lighting System | Electrical System Overhaul
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Caring for Daylight Pipe Extenders | Entrance Sign | New Entrance Sign | |||
Replacing Vent Caps | Asphalt | New Retaining wall and concrete steps Installation | |||
Building Caulking | Concrete Patios, Walks, Curbs, Sidewalk | New Underground Drainage Pipes |
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Wall + Concrete Crack Filling | Retain Wall & Step Repair | Landscape construction | |||
Masonry | Under Ground Drain Sections | New Back Deck porch lights | |||
Parking Lot Light Bulbs + Sensor Replacement |
New Front Porch Lights | ||||
Pressure Washing Building | New Address Plates | ||||
Cleaning of Drains | New Mailboxes | ||||
Asphalt Sealing | |||||
Asphalt Crack Sealing | |||||
Refreshing Parking Line Stripping | |||||
Caring for and Replacing Storage Shed | |||||
* The Association does its best to include caulking, and perhaps some minor repairs if conditions are repeated elsewhere on the property. The Association does NOT repair screens or broken items, such as glass or brass door handles. Unit owners should have warranties in place for such occurrences. |