The property management and the board of YRCECC1347 Corporation issued a special assessment due to a deficit and charged all the homeowners to pay $700 to rectify the deficit in the corporation due to a problem in the bulk metering water bill since spring 2019 and other undefined common element expenses. The property management didn't provide solid answers, facts or numbers but just a general reply.
In addition to a 35% sudden increase to the condo fee!!!
In order to rectify this issue, a requisition meeting is the only way to properly discuss this issue in details and re-elect the board in order to have at least TWO homeowners on the board to do a proper investigation.
As homeowners, we should unite and decide what best work for us and not anyone else.
Due to COVID-19, we can't collect actual signature that's why we are collecting signatures through this petition platform. Your voice counts... Thank you!
Updates
May 13, 2020
The momentum is shifting and the board can no longer ignore these questions. We are ready to demand the answers we deserve.
12 Comments
Without representatives from owners, there is no way to monitor how the funds we contributed are expenses to the best interest of home owners.
All of us as a homeowner knows the problem comes from the property management. But consider this point, we are not participate in the annual meeting that hold in Fall each year. Last year I have been there just 10 homeowner show up from 149 homeowner. When the property management company see nobody care about what's going on, they do everything they want. All homeowner HAVE TO participate in annual meeting and share their concern and request. We have to contribute, unless otherwise we should follow them, please please attend in annual meeting each year. Sean
$700 each x 149 houses = $104,300 plus 35% increase in monthy fee, that's $32x12x149= $57,216. Why management needs so much money when everyone works from home?
The $700 is coming from nowhere and the increasing of the fee doesn’t make sense.
*owner of two properties within Oak Knoll Phase 3, specifically: 216 Paradelle Dr, Richmond Hill (Unit #32) 18 Twinflower Lane, Richmond Hill (Unit #125)
Unreasonable increase of condo fee
I definitely support this
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The property management and the board of YRCECC1347 Corporation issued a special assessment due to a deficit and charged all the homeowners to pay $700 to rectify the deficit in the corporation due to a problem in the bulk metering water bill since spring 2019 and other undefined common element expenses. The property management didn't provide solid answers, facts or numbers but just a general reply.
In addition to a 35% sudden increase to the condo fee!!!
In order to rectify this issue, a requisition meeting is the only way to properly discuss this issue in details and re-elect the board in order to have at least TWO homeowners on the board to do a proper investigation.
As homeowners, we should unite and decide what best work for us and not anyone else.
Due to COVID-19, we can't collect actual signature that's why we are collecting signatures through this petition platform. Your voice counts... Thank you!
Updates
May 13, 2020
The momentum is shifting and the board can no longer ignore these questions. We are ready to demand the answers we deserve.
12 Comments
I agree with other home owner's concern regarding the unjustified increase in the management fee and extra $700 fee. We need visibility into the the reason and use of the increased fees and accountability from the management.
Without representatives from owners, there is no way to monitor how the funds we contributed are expenses to the best interest of home owners.
All of us as a homeowner knows the problem comes from the property management. But consider this point, we are not participate in the annual meeting that hold in Fall each year. Last year I have been there just 10 homeowner show up from 149 homeowner. When the property management company see nobody care about what's going on, they do everything they want. All homeowner HAVE TO participate in annual meeting and share their concern and request. We have to contribute, unless otherwise we should follow them, please please attend in annual meeting each year. Sean
$700 each x 149 houses = $104,300 plus 35% increase in monthy fee, that's $32x12x149= $57,216. Why management needs so much money when everyone works from home?
The $700 is coming from nowhere and the increasing of the fee doesn’t make sense.
*owner of two properties within Oak Knoll Phase 3, specifically: 216 Paradelle Dr, Richmond Hill (Unit #32) 18 Twinflower Lane, Richmond Hill (Unit #125)
Unreasonable increase of condo fee
I definitely support this
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I agree with other home owner's concern regarding the unjustified increase in the management fee and extra $700 fee. We need visibility into the the reason and use of the increased fees and accountability from the management.