Agent

Slashing perks when condo fees rise

Unnecessary budget expenses a growing concern for unit owners

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

DEAR BENNY: I thought condo fees were for the maintenance and repair of homes and grounds, and for lawn care. Our association fees also pay for parties. I think the people who participate in the parties should pay for the parties themselves. Our condo fees have been raised twice since I moved here six years ago, and they are expected to go up again this coming fiscal year. What can be done to remove the party category from the budget? --R.E. DEAR R.E.: Condominium fees are set by a board of directors, and in some cases, depending on your legal documents, the budget must be approved by the membership. The fees cover a lot of things, over and above maintenance and repair. They pay for snow removal (where applicable), lawn maintenance, management fees, and (of course) legal fees. In many associations, the budget will include parties, although if liquor is involved the board must consult with their legal counsel as well as their insurance agent. Since you are concerned about th...