{"id":53523,"date":"2011-02-11T09:45:24","date_gmt":"2011-02-11T09:45:24","guid":{"rendered":"http:\/\/www.brownstoner.com\/?p=53523"},"modified":"2011-02-11T09:55:40","modified_gmt":"2011-02-11T09:55:40","slug":"new-constructio-11","status":"publish","type":"post","link":"https:\/\/www.brownstoner.com\/forum-archive\/2011\/02\/new-constructio-11\/","title":{"rendered":"New Construction Condo &#8211; LARGE common charge underestimate"},"content":{"rendered":"<p>Hi All.  We are one year into purchasing in a new condo at the moment.  The current maintenance as per the offering plan has been in effect for a year.  We are now transferring the board to owners and the new budget is jumping over 60%.  On the budget for next year we are getting over $35k in &#8220;contribution&#8221; from the sponsor.  This cash infusion limits our common charge increase to 15% for the next year.  There is no guarantee that he will ever contribute again.  This money is not related to any maintenance that is due from the sponsor or anything, it is totally separate. <\/p>\n<p>When I asked the sponsor and their attorney at the first meeting, they said it was out of the goodness of their heart.  Am I being cynical or is there a reason (legal or otherwise) that the sponsor is capping the common charge increase to 15%?<\/p>\n<p>Thanks all.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hi All. We are one year into purchasing in a new condo at the moment. The current maintenance as per the offering plan has been in effect for a year. We are now transferring the board to owners and the new budget is jumping over 60%. On the budget for next year we are getting&#8230;<\/p>\n","protected":false},"author":123882,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"schneps_byline":"","schneps_post_style":"","schneps_post_source":"","schneps_syndicated_read_more":"","schneps_post_source_sitename":"","schneps_syndicated_thumb_html":"","schneps_syndicated_thumb_src":"","schneps_post_source_shortname":"","schneps_post_source_url":"","schneps_post_source_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[167],"tags":[],"districts":[],"class_list":["post-53523","post","type-post","status-publish","format-standard","hentry","category-building_code"],"acf":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/brownstoner.com\/forum-archive\/2011\/02\/new-constructio-11\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"New Construction Condo &#8211; LARGE common charge underestimate","url":"http:\/\/www.brownstoner.com\/forum-archive\/2011\/02\/new-constructio-11\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.brownstoner.com\/forum-archive\/2011\/02\/new-constructio-11\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Building Code","author":[{"@type":"Person","name":"ThePerchik"}],"creator":["ThePerchik"],"publisher":{"@type":"Organization","name":"Forum Archive","logo":""},"keywords":[],"dateCreated":"2011-02-11T09:45:24Z","datePublished":"2011-02-11T09:45:24Z","dateModified":"2011-02-11T09:55:40Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"New Construction Condo &#8211; LARGE common charge underestimate\",\"url\":\"http:\\\/\\\/www.brownstoner.com\\\/forum-archive\\\/2011\\\/02\\\/new-constructio-11\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.brownstoner.com\\\/forum-archive\\\/2011\\\/02\\\/new-constructio-11\\\/\"},\"thumbnailUrl\":\"\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"\"},\"articleSection\":\"Building Code\",\"author\":[{\"@type\":\"Person\",\"name\":\"ThePerchik\"}],\"creator\":[\"ThePerchik\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"Forum Archive\",\"logo\":\"\"},\"keywords\":[],\"dateCreated\":\"2011-02-11T09:45:24Z\",\"datePublished\":\"2011-02-11T09:45:24Z\",\"dateModified\":\"2011-02-11T09:55:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/brownstoner.com\/p.js"},"jetpack_featured_media_url":"","print_hed":"","photo_gallery":[],"print_subhed":"","print_slug":"","syndication_thumb":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/posts\/53523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/users\/123882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/comments?post=53523"}],"version-history":[{"count":0,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/posts\/53523\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/media?parent=53523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/categories?post=53523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/tags?post=53523"},{"taxonomy":"districts","embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/districts?post=53523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}