That’s not to say that Bangkok condos don’t have other ways of covering routine maintenance and replacement costs. Bangkok Condos can charge what are called special assessment fees. These are usually stand-alone fees that everyone pays. For instance, if the roof replacement costs $2,000 over and above what the association had in reserve for a 20-unit building, the association may charge each unit $100, a nasty surprise in everyone’s mailbox. Bangkok Condo associations that try to keep all the residents happy don’t like to charge special assessments because tenants get disgruntled and feel gouged. All this can be prevented with good planning. A healthy condo association will pay for what’s called a reserve study. This is a professional evaluation of all the costs the property will incur on a regular basis. Reserve studies aren’t free, but they help the association determine the proper amount to charge each resident in dues. This saves a lot of money and headaches in the long run, preventing the need for special assessments.
But how do you tell if an association has oakley outlet set the dues where they should be? It’s safe to assume that any association that hasn’t conducted a reserve study probably hasn’t Bioenergetics set the optimal amount for monthly dues. A healthy condo association will conduct reserve studies at least annually. A summary of this study should be available. The summary lists all the things that may need maintenance or replacement now or in the future. Check out the “Remaining Useful Life” column for each item. If the numbers are low or at zero, chances are the dues aren’t high enough and, in fact, some replacements are past due.
A perfect reserve schedule will show identical income and expenses on the balance sheet for the reserve account. These vital signs should help you correct your own condo association or avoid a dysfunctional community in the first place. You can also compare your dues to other condos in your area here.
<br Cheap NFL Authentic Jerseys />Having an open line of communication is the cornerstone of any well-run homeowner association. You should check to ensure that some sort of system of records ray ban sunglasses sale is in place for all matters that are discussed. For example, the association might utilize email, online forms, minutes of meetings, etc. Knowing the guidelines Cheap Ray Ban Sunglasses for communicating with the homeowner jordans for sale association will come in handy if, for instance, you ever have a complaint or concern about a neighbor, or if you find yourself on the receiving end of a concern or complaint from a neighbor. Click here for more details on condos for sale in Bangkok. Furthermore, it is also wise to find out what access members have to those records and what steps are necessary to request them if it becomes necessary for legal purposes.