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Shared Facility Pitfalls and Solutions

Author: 
Vadim Seagal
Publication date:
July 20, 2018
Article Summary: 

This article highlights the challenges faced by condo complexes with shared facilities, especially concerning cost-splitting for shared utilities. The lack of clarity in shared facilities agreements can lead to disputes over expense apportionment, particularly for shared equipment and utilities like water, heat, and cooling. The article offers several tips to ensure an equitable division of shared expenses, such as checking mechanical and electrical drawings, consulting with experts, and considering cost-effectiveness when metering minor users of utilities. By taking these measures, condo complexes can avoid disagreements and foster better collaboration among residents and businesses.

Keywords: 

Shared Facilities, Condo Complex, Cost-Splitting, Shared Utilities, Maintenance, Repair, Expense Apportionment, Back Charging, Equitable Division, Shared Equipment, Shared Facilities Agreement, Water, Heat, Cooling, Utility Consumers, Metering, Consultation, Cost-Effectiveness, Disputes.



Source Citation: 
Vadim Seagal
Shared Facility Pitfalls and Solutions
July 20, 2018
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