Condo Fees

After the budget is adopted at the annual meeting, each owner's individual fee is determined by their proportional interest in the common area (see your deed). The fees are assessed against your unit on an annual basis, but can be paid in 12 monthly installments due on the 1st of each month. If you fall delinquent, the Board can collect the full year's amount from you, notify your bank, and put a lien on your property. This may sound harsh, but our budget doesn't have a profit in it, and we need all the money to pay the condominium bills. And remember, you'll get your say at budget time. The fee includes heat and hot water, fire insurance on the common elements only (you should insure your contents), sewer and water charges, landscaping, snow removal, common lighting, accounting and legal, management fee, janitorial and clubhouse expenses, and a reserve fund. The reserve fund is required by state law and is used to limit the possibility of assessing our members for capital improvement and replacement. The account is reviewed annually during the budget process, systematically and with the knowledge that a well-maintained property will increase in value. The money is invested and earns interest until needed.

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PLEASE NOTE: The information contained in this web site is accurate, to the best of our knowledge, as of the date of posting or in the case of backdated information, as of the date of original publication. It is the responsibility of the reader to verify the continuing accuracy of such information. Partridgeberry Hills Condominium Association assumes neither responsibility nor reliability for errors or omissions.