Rents, including common area maintenance charges, range from $ 20 to $ 165 a square foot and average $ 55.
22.
"A good general rule is that the reserve fund should be approximately one-third of annual maintenance charges, " he said.
23.
For owners of condominiums and co-ops there are maintenance charges to contend with in addition to the monthly mortgage payment.
24.
"When an abatement expires, the property taxes increase, and that usually means an increase in maintenance charges, " he said.
25.
For example, Rose said, determining whether the management firm is efficient in collecting maintenance charges is a matter of simple math.
26.
Brett said, adding that the rent being received typically far exceeds the maintenance charges the sponsor must pay to the co-op.
27.
They might also pay monthly maintenance charges at lower rates than neighboring shops, says Chairman Joe Levy of Fresno-based Gottschalks department stores.
28.
And as those expenses increase the total cost of running the building, they decrease the proportion of the maintenance charges that are deductible.
29.
Its medical center has six full-time physicians and 16 specialists on call, who bill residents in the independent-living apartments separately from maintenance charges.
30.
"In most co-ops, maintenance charges are calculated by dividing the building's total budget by the total number of shares outstanding, " he said.
