Why does Maintenance Fees increase?

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Original Message:

Re: Why does Maintenance Fees increase? (by R P.):

donaldd67 wrote:
I'm glad I found this thread because this topic has bugged me for several years. Let's use jay jay's example (but cut it to 200 Units.... 150 Units are owned by 'members' the other 50 were 'retained' by the developer). Surely it would seem fair that ALL Fixed costs would be shared as 75/25 percentages. That is groundspeople, maintenance staff, office/desk/management salaries, etc. The same for insurance, taxes and such.

Unfortunately, it is impossible to get an 'Audited and Itemised' Statement on the above mentioned costs. It is easy to 'suspect' that Owners are paying ALL the costs while the developer simply pockets the profits... but how do we know for sure?

If it's run by an HOA, they send out yearly financial statements to all owners.