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We are an 8 unit condo in New Jersey, The first floor units have exclusive access to parts of the basement area, which has limited headroom (under 6') and is therefore considered non-habitable space although they do use it for significant storage and in one case a bedroom. The condo docs however do not list this space as part of the square footage of the units since it is "non-habitable" and therefore it is not considered part of the % interest owed and is not included in the maintenance calculations. Can an additional maintenance fee be charged for this area? If so how much? Should it only be a % of the square footage since it only suppose to be a storage space? It is an expensive area to maintain since it is prone to flooding (especially after Sandy) and it doesn't seem right or fair that it is not included in the area calculations.
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I would definately charge a storage fee for the use of the area. We have storage bins in our basement,they are 5 feet deep by 8 feet high and 5 feet wide made out of metal and we charge $225 per year. You should also look into a company that builds wired sections so you can make actual storage areas that you can issue to the residents who wish to rent a storage area. Make sure you have them sign a yearly agreement.
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