WHERE DO THOSE FRACTIONAL ALLOCATIONS IN YOUR ASSOCIATION BUDGET COME FROM

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In another Post on this BLOG, the poster asks in essence, why do different apartments in the same or different buildings pay different assessment amounts in their Association budget?

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It's really very simple, and is to be found in your original Association Documents. These percentages were set by the Developer, and are clearly stated in the property survey which is part of your Documents.

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Following is a page extracted from the survey of a Chatham Association:

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Note the Bold letters A, B, D; they refer to apartment types of varying configuration and state clearly the percentage of ownership of each unit owner by type of unit; EG. 1 bedroom, 2 bedroom, number of bathroom.....Etc. So, if it's a Common Expense, the listed percentages apply.

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Your documents may be found in the sidebar of this BLOG

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Dave Israel

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