We are a 500 unit high rise.

We raise our maintenance every year.

After all, costs rise every year. Why fool people and then face a battle royal.

Small increases every year are better than a whopping increase every three years.

By using the above formula, all residents can plan their personal budgets very effectively. This reduces adverse feedback.

Our maintenance increase is from 3.0% to 3.9% every year.

We have an assessment every year as we have capital improvements based on our outside engineer’s assessment of our facilities (updated every two years).

We have no underlying mortgage.

We don’t borrow for capital improvements.