developer fees on unfinished condo units

Started by SharonT • 1 replies • 2546 views

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SharonT (Michigan)
Posts: 1

Posted:

How does your Board decide what percentage of the condo fee the developer should pay on unfinished units at different stages of development?

RogerB (Colorado)
Posts: 5,067

Posted:

This should be defined in your Declaration. I would presume each "fully defined" unit would pay the same fee. For single family homes undeveloped lots pay the same assessment as those with houses.

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