Thursday, January 29, 2009

Condo Fee Mix Up! Are you paying the right amount?

When I asked for notes from the Board Meeting yesterday someone posted saying that the Condo Fees that some residents have been paying were incorrect. Then I got this post this afternoon from concerned22204:

"I did get a blast eamil concerning something like this. Here is the cut and paste.

Bob, during the transition to our new financiual management co. Legum & Norman, L&N's accounting department discovered 27 discreptancies in the interest percentages assigned to each unit.

questions we need to ask him, including but not limited to:

1) We are using "Exhibit A" in looking at ownership/condo fee percentages. Our bylaws cite "Exhibit C". Is it ok to use A?

2) Where is "Exhibit C?"

3) For those owners we have been charging the wrong rate for so long, what obligations do we owe them?

It would be good for either Jenny or I to be on the phone when you talk to him. I will be traveling, but will be available from 11:20 to 12:10. Check with Jenny to see when she is free. I don't have to be on the call, so if times line up when she and Bob are available do it then make the call. It would be good to talk to Bob today so that we can have some certainty on this issue since coupon books have arrived."

Did everyone get this blast email? Or has anyone heard whether or not they are paying the right/wrong amount? Is the Village going to put something in the Crier? How many years have people been paying incorrectly?


Anonymous said...

wow, interesting. I did not get that email. Send updates to the blog!

Anonymous said...

This doesn't look like any eblast I've ever seen. Looks like someone sent something by mistake. If it was an eblast I'm on the list and would've gotten it as well.

Anonymous said...

I received this email, which was followed by an email saying it was sent by mistake. Is their a condo fee scandal brewing in the village?

Anonymous said...

I didn't get any type of email either. I thought I was on the list. Maybe they only sent to those affected by the issue? Seems like the old management co may have screwed something up. This is the first I have heard of it. My bank acct was debited the correct amount. Guess I am not one of the 27.

Anonymous said...

Our association is also managed my Legum & Norman and they suck at it... We need to go and find out if we are being overcharged...

condo manila said...

Great blog in here, thanks for the great read.

Deirdre G