Schools in Mount Vernon>Question Details

Natacha, Home Buyer in Mount Vernon, NY

Re: 181 Pearsal Dr, Mt Vernon, Ny...How often does the maintenance fee go up...is it every year, every 6 mths, every 2 years...Anyone know?

Asked by Natacha, Mount Vernon, NY Sat Feb 9, 2013

This question was asked from http://www.trulia.com/property/3107483710-181-Pearsall-Dr-1H…

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Maintenance usually increased if their is an assessment for such items as increase in fuel charge, any major improvement to the building or to improve the buildings financial cash flow.
0 votes Thank Flag Link Tue Jul 16, 2013
Frequency of maintenance changes is soley based upon the ammount of money to keep a positive cash flow, and is not tied to any specific time period.


This is a 15% down complex and has a very high income requirement.

Bob
0 votes Thank Flag Link Sat Feb 9, 2013
Before entering into contract review the building's financials with your attorney, along with all other related paperwork; the financial history of the building should reveal the frequency of any increases in the maintenance fee. If possible, also consider chatting with any current resident(s).
0 votes Thank Flag Link Sat Feb 9, 2013
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