All owners should have now received a copy of the FY11 budget. This budget is effective from July 1, 2010 until June 31, 2011.
There has often been some confusion regarding just what the condo fees are for each unit. There are many different ways that condos choose to divvy up these fees, ranging from the number of bed rooms to the selling price of the unit. At Grand Bel Manor the fees are determined based on a units percentage interest in the complex, as laid out in the declarations of the condominium – a copy of which all owners should have received from the seller when they purchased their unit.
You can find a more elaborate explanation, along with an official statement of just what the fees will be for your unit and what they cover by visiting this page: Condo Fees.