Marian2017
Registered User
- Messages
- 14
I recently bought an apartment and have discovered that the OMC has been dividing the annual service fee equally between all apartments since the block was built 5 years ago. However, the lease states that it is to be divided according to the square footage of each apartment. A majority of the owners own the larger three bedroom apartments so the current arrangement suits them fine. The directors of the OMC also act as the managing agent and they all own the larger apartments too. The three beds are twice the square footage of the one beds so the difference in annual fee would be substantial if calculated correctly. Obviously I own a one bed.
I've brought it to the attention of the directors who plan to continue with the same arrangement. They believe a majority vote of the owners would be enough to change the terms of the lease and allow them to change how the fee is calculated, but I don't believe that's the case?
I've brought it to the attention of the directors who plan to continue with the same arrangement. They believe a majority vote of the owners would be enough to change the terms of the lease and allow them to change how the fee is calculated, but I don't believe that's the case?