The owners of those private penthouse balconies need to pay extra maintenance every month because they own more square footage. We need to change the condo docts to include the new ownership of the balconies. Those balconies are going to require maintenance. Like painting,and concrete restoration (that is very expensive). I know restoration will not be rite away, but when the balconies get older. I am sure that the of concrete restoration will be passed on to us as a special assessment!!!
We are waiting for the board to answer who paid for the balconies. If they do not answer we will have to wait for the certified audit that is required by law. The audit is way past the due date. (I wonder why??) Also are those owners of the private balconies paying more maintenance every single month because they own more square footage. The maintenance gose off of the percentage of what you own in the building (and they own more now!!!). By the way the only way you can access the penthouse balconies is though a privatly owned unit. (no public access). I never ever remember a meeting in regards to the construction of the balconies. When you change the structure of the building you need a 75% vote to approve BY THE OWNERS. I do not know of any one who would vote for that but the penthouse owners (and that is only 4% of the owners not 75%)
It appears that the board this all on their own!!
Besides the extra maintenance they need to pay,they also need to pay for the increased real estate tax!!!
We know that when you do a improvement your real estate taxes are based on the assessed value, and that means the taxes are much higher now!!
The balconies are a MAJOR IMPROVMENT, that will be a big increase in the real estate tax. The owners of the penthouse must pay!!!
What they did is against the law . We need to make sure they pay for it,and not pass the real estate tax on to the unit owners (if they do not claim ownership we will have to pay for the increase in the real estate tax!). Now I can see why we get so many double assessments!!!!
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I can only speak for myself, but I have NO intention of paying these special assessments anymore without itemized breakdowns of exactly where the money is going. All we ever receive are generalizations, which is ridiculous. I would think also illegal. Anyone with common sense will do the same. Does anyone know when the next election of the board takes place? I have yet to read that in any of the blog comments.
ReplyDeleteI SEE HOW THIS WORKS !!!
ReplyDeleteThey do not own the private penthouse balconies when they need to pay for the construction cost,the maintenance cost every month,or when it comes time to pay the real estate tax.
But they do own the balconies when they are the only people who can enjoy them.When they hold special events and collect and keep all the money(like the air and sea show)And when they sell their units (I believe it is Chin who is advertising her unit with 1500 square foot prvite balconie!)