Community Fees issued

Having not heard any feedback at all from the Community meeting which took place Mid February and asked for an update in English earlier this week,

 I have finally recieved minutes from the meeting and quarterly invoices for the Community fees from Mid Feb through to December 2010.

Anybody else had anything through?

I recieved this also.

I have a number of questions

• Why are there only 157 properties in the community?
• How is the coefficient worked out?
• Does the fee cover the cost of having a GF apartment garden maintained or is it only for communial gardens?
• Is it correct you only need contents insurance?
• When does the Entity cost start and what does it cover?

If there is anyone out there with some advise it would be much appreciated.

Regards

Jonathan

Re the '157'  I would guess that is the number of properties that have completed?

The whole management/community fees issues has been one of my primary concerns as despite the numbers of non completers there is no question that the costs of the 'resort' will now be spread across a limited number of owners.

All

I rang the Community administration and got some answers which I will share:

• Why are there only 157 properties in the community? That is the number in my community. There are 11 altogether at corvera and you only pay based on you floor area coefficient. (therefore you are not paying for people who have not completed). Each community has its own cost base dependant on the number of lifts and garden area etc.
• How is the coefficient worked out? based on floor area
• Does the fee cover the cost of having a GF apartment garden maintained or is it only for communial gardens? No, it is only for communal areas
• Is it correct you only need contents insurance? Yes but you need to provide your bank with a cert which the housing community can provide if you give them the required info tel: 902107361
• When does the Entity cost start and what does it cover? Starts now and details will be sent out next week. Once you have both a direct debit can be set up. The entity covers security, waste collection, road cleaning etc.

I hope this helps

Regards

Jonathan

Hey Jonathan

Not sure if your first point is correct and feel you may have been fed a bit of duff info.

If there are 157 properties in a community then 157 property owners will recieve a bill and be expected (by law) to pay their fees    (I appreciate that exact individual costs depend on property size but will all be about the same).

So if your community bill is 157,000 (for easy figures) then give or take a euro or two, everyone will recieve a bill for 1000.

However, unfortunatley there will be a percentage of investors who refuse to pay and if lets say 57 properties are empty as they haven't been completed by the purchaser (in dispute) then the bills will revert to the developer who is the owner at that time.

The community is then hoping that the developer is willing to pay the 57,000 community fee which isn't a good position to be in.

The community fees will still be 157,000 irrelevant of disputes, non payment etc etc etc and unfortunatley the rest of the 'paying' community will end up footing the bill as usual.

Sure your community can pusue and sue every non payer but until that happens (which will be 3-4 years normally) the rest will have to foot the bill.

Community admin is a minefield with allsorts of problems and issues and unfortunatley very few communities run smoothly so everybody hopes that their community has a very high percentage of willing payers. However, the one thing that doesn't change is that it is a community charge made by the community elected administrator and paid for by the community for the benefit of the community and if the annual bill is 157,000 then that is what needs paying, irrelevant of who pays it.

I hope the Corvera communities work well together but would imagine the presidents will have quite a job on.

I'm no expert but my experience tells me I wont be far off.

Recieved a communication from corvera today outlining the fees with a direct debit form enclosed back dated to february stating the fees for a first floor  menta apartment just over 1ooo thousand euros has anybody recieved this..

Hi Moll,

Yes, we have recieved this correspondence also. We have a ground floor Tilo in phase 1, and our fees are pretty similar to the figure you have been quoted.

Rgds,

Ian

Hi all

Have just noticed 2 amounts taken from our bank A/C.

1  48.92 euro

2  309.42 euro

Housing info replied telling me the 48.52 was for the entity fee which covers security, rubbish collection etc

The 309.42 per quarter is the community fee which is for pool, lift , gardening etc.

This means the yearly amount is 1824.72 euro (152.06 per month)

This is more than we thought we would have to pay .

We have a 2 bed 1st floor apartment

Would like to know if others are paying more than they thought.

Simon m

Hi Simon

Just wondered what type of apartment you have.  Ours is a Tilo and costs are slightly lower, 44.93 euros for entity and approx 250 euros per month community charge.  So not far off.  128 euros per month, approx £116 per month at exchange of 1.1.  That doesn't seem to bad considering that covers everything, apart from obvious electricity, water and gas.  We owned an apartment in England 13 years ago and our community charge was £1000 per year.  Just have to will a stronger sterling :)

Anita

Hi Anita

We have a Tilo on the hill overlooking 18 tee boxes.

Regards

Simon m

That's some view Simon, if you can see 18 tee boxes!

Hi Frank

Must learn to type missed the th out well spotted

Regards

Simon m