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What are community fees?

April 26, 2017fees

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What are community fees?

2 Answers

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These apply to properties that share benefits e.g. swimming pool, gardens, security, general maintenance. There is a committee with a president who are voted for from the property owners once a year. Depending on the shared benefits depends on the price of the community fees.

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If you purchase in a community project you will be required to pay community fees. Community fees go to a centralised fund and are used to cover the costs of urbanisations that have the benefit of services such as a swimming pool, 24hr security, up-keep of gardens and general maintenance i.e. servicing of lifts and periodical repainting of external walls. Currently only 1 of our developments (CdH) will involve such a scheme. The final community fee has yet to be confirmed. All owners within such a community have the right to put themselves forward to be part of the committee should they wish.