MAZxxx
newbie
I've just received my 2009 maintenance fees for my 2 bed unit at the Polo Towers and find that they have gone up by a whopping 13% to $926.00. After paying a special assessment fee last year, I feel this leap is quite excessive and would like to hear other owners views of the situation.
I also wonder if they've bought up enough units by now to be able to charge just what they like because it does say in the accompanying letter that "you should expect increased annual reserve contributions to gradually build reserves and to allow for increases in the cost of replacement items due to inflation". I though we'd just done that with the recent special assessment.
Anyway, I'm now beginning to wish I took their first buy back offer of $7000 plus costs last year. As I only visit Vegas each year, I don't think there's much point in me holding on to it at this cost.
I also wonder if they've bought up enough units by now to be able to charge just what they like because it does say in the accompanying letter that "you should expect increased annual reserve contributions to gradually build reserves and to allow for increases in the cost of replacement items due to inflation". I though we'd just done that with the recent special assessment.
Anyway, I'm now beginning to wish I took their first buy back offer of $7000 plus costs last year. As I only visit Vegas each year, I don't think there's much point in me holding on to it at this cost.