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Does Gold Crown require an automatic fee increase in its contract?

April 26, 2017automatic contract crown fee gold increase require

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Does Gold Crown require an automatic fee increase in its contract?

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No. Each year Gold Crown will discuss any possible increase with the Association’s Board of Directors at the time of budget preparation. Any increase requested is based on performance and is at the approval of the Board. Gold Crown will guarantee no fee increase during the second year of the renewal of the management agreement.