2 ms·
How would you introduce such fees if they never existed and now people are already owning that property, being used for certain monthly utilities bill?
by thriftwy 9y ago
How would you introduce such fees if they never existed and now people are already owning that property, being used for certain monthly utilities bill?
- notfromhere 9y agoI don't think condo's exist without HOA fees, otherwise the whole building would just collapse. That's kinda how former Soviet apartment buildings function and they look like meth houses in the public areas
- thriftwy 9y agoI'm referring to this case exactly. They don't always collapse, but they're not a pretty sight and their residents can't be bothered. As far as they go, somebody else should probably make it look nice, without touching their wallet. Pity that pre-Soviet buildings are also affected. Thing is, from game theory perspective, it's a totally expected outcome.
- closeparen 9y agoResidents elect an HOA or coop board, which can vote to levy fees according to its bylaws. Not uncommon to get stuck with increased/extra fees when the building decides to do major work.