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Hi, does anyone know if when maintenance fees are raised do they go by how many shares you own? Mine is being raised 15% so is it figured out 15% of the shares I own or by how much I am paying now which is $590 a month so 15% of 590
Join the Conversation Comments (1)In a strict tecnical sense, shareholder financial oblications like maintenance and assessments are calculated on a "per-share" basis. If your board has approved a 15% maintenance increase, it means that the amount of maintenance every shareholder in your building pays is being increased by 15% for each share they own. Assessments are usually calculated by "X number of dollars per share"
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your second scenerio is correct, the number of shares owned multiplied by amount of increase.
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