How to Prepare an Operating Project? Dues Budget Guide
For dues to rest on a solid foundation, an operating project is essential. Dues set without an estimated expense budget are both unfair and open to objection.
From dues tracking to Condominium Law, resident communication to board decisions — practical articles born from real experience.
For dues to rest on a solid foundation, an operating project is essential. Dues set without an estimated expense budget are both unfair and open to objection.
One of the most debated questions each year is: "Can the manager raise the dues as much as they want?" The answer is clear: no. The authority to raise dues belongs not to the manager but to the board of unit owners.
The biggest problem for apartment managements is unit owners who fail to pay their dues. Even a small number of defaulters can strain the building's budget.
"The unit is empty, no one lives there — why am I paying dues?" This is one of the most common objections apartment managements face. The KMK is clear on the matter, and this article explains the legal reality.
Whether the tenant or the landlord pays the dues is one of the most confused topics in apartment management. The rental contract and legal responsibility are not always the same thing.
A late-payment interest may be requested from an owner who does not pay their dues on time. However, how the rate is calculated and under what conditions it is applied is often unknown.
When people think of dues, most think of a single item, whereas there are different types. When capital-item and advance dues are confused, disputes arise especially in the tenant-owner relationship.
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