
Originally Posted by
Altis6453
Typically, condo assocation dues are costs allocated to individual unit owners taking into account the ff:
1. Maintenance of the common areas (i.e. cleaning and repair of the grounds, corridors, water features, landscaping, mechanical, electrical and plumbing facilities, elevators, amenities, landscaping and replacement of consumables like bulbs).
2. Security services
3. Utilities used in the common areas i.e. electricity
4. General and administrative expenses i.e. salaries of condo corp. employees and costs of operations (normally this is fixed)
Certain special assessments are made for expenses such as:
1. Real property tax on the common areas
2. Comprehensive all-risk insurance for the building and common areas
3. Extraordinary expenses for major repairs or repainting of the building or any part of the common areas
It really depends on the kind of lifestyle and quality of service which unit owners expect of the condo corp. Rockwell and other hi-end condos provide hotel-like service in that almost any problem or concern regarding an individual's unit is taken care of by the condo corp. including cleaning of the unit.
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