How Is Interest on Dues Debt Calculated? 5% Monthly
How is the interest added to accumulated dues calculated? What does "5% monthly" mean, and on what amount does it run? We explain the interest on dues debt with an example.
From dues tracking to Condominium Law, resident communication to board decisions — practical articles born from real experience.
How is the interest added to accumulated dues calculated? What does "5% monthly" mean, and on what amount does it run? We explain the interest on dues debt with an example.
Why does my dues bill differ from my neighbour's, and who pays how much? Many people wonder how dues are set. We explain how apartment dues are determined based on KMK Art. 20.
Land share is a little-known concept that determines much in an apartment building, from dues to voting rights. What is land share, how is it calculated, and how is it corrected if it is wrong? A plain explanation based on the KMK.
One of the toughest decisions apartment and complex managements face each year is the dues increase rate. Setting it too low leaves the budget short; setting it too high upsets the unit owners.
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