Still others are scrambling to take what they believe is the prudent approach by separating recreational from other maintenance charges and beginning to pay.
32.
If real estate taxes and mortgage interest were the only expenses of the building, then the shareholders'maintenance charges would essentially be 100 percent deductible.
33.
The reason, Bader said, is that the borrower's ability to make mortgage payments may be impaired by a sudden increase in monthly maintenance charges.
34.
Teow has also agreed to waive the legal fee of about RM150 issued to 50 apartment owners who failed to settle maintenance charge arrears.
35.
But even in buildings in which maintenance charges are determined by the number of shares owned, there is often no consistency to the relationship.
36.
The maintenance charge is set once a year by a meeting of all residents, and for 2006 it is ?40 p . c . m.
37.
"But if uncollected maintenance exceeds 5 percent of the total annual maintenance charges for the building, you have a building that's in serious trouble ."
38.
The co-op, he said, generates revenue from the sale of shares to otherwise unproductive space and by collecting additional maintenance charges on the new shares.
39.
The works were opened in 1900, the cost of the scheme being Rs . 1.84 lakhs and the annual maintenance charges Rs . 6, 000.
40.
Tempers have flared so high recently in New York City that some boards have begun imposing steeper and steeper late fees on delinquent maintenance charges.
