Call it HOA quotas, or maintenance contribution, or regular assessment cal it by any name but it seems that Aquarius Condominium Association has the lowest maintenance fees of our ocean front neighborhood.
How can this be explained? It is possible that with a budget without any slack regular preventive maintenance is postponed sine die. This means that small problem may turn in big problems and the consequences very expensive to correct.
In 2015 we had two surveys on the maintenance quotas charged in the buildings next to Aquarius. It was August and April of 2015. In both probes Aquarius asks for the lowest maintenance of any of the neighbors.
Again in 2016 Aquarius requires the smallest payment as computed by the ratio dollar chaged by square foot. This ratio is traditionally used to determine the maintenance quotas in most buildings. This ratio is also used at Aquarius. Larger units pay more.
Is this good? It would be better to maintain the building in top shape avoiding problems. What do you think?