I pay higher fees than my neighbors in the same building!

[cp3o]

What is the name of your state (only U.S. law)? MA

I recently learned that our condo association "common fees" are not adjusted for square-footage, but rather for estimated value of the unit, which they have based on the price that each owner bought their unit for! I am paying one of the top 7 out of 113 condo fees in the building and there is nothing special about my unit compared to the lower-fee units. In fact, I have less square footage than some that have lower fees. Does anyone know if this is even legal to arbitrarily assign "percentage interest" in common areas by unit, without there truly being a difference in property value??

[FBM]

The % ownership in my building was based off of the original sales price from the developer 25 years ago. It is an accepted practice, as is using square footage. Like you, some owners don't like it but in my state it requires a unanimous vote to change percentages and that won't happen.

[SIN EATER]

... can you sell it to your child, or wife, for 1/2 of what you paid ??

[HomeGuru]

Originally Posted by cp3o

What is the name of your state (only U.S. law)? MA

I recently learned that our condo association "common fees" are not adjusted for square-footage, but rather for estimated value of the unit, which they have based on the price that each owner bought their unit for! I am paying one of the top 7 out of 113 condo fees in the building and there is nothing special about my unit compared to the lower-fee units. In fact, I have less square footage than some that have lower fees. Does anyone know if this is even legal to arbitrarily assign "percentage interest" in common areas by unit, without there truly being a difference in property value??

**A: does your By-Laws and Declaration support the value rather an % statement you made?