new owner
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Original Message:
Re: new owner (by Garret C.):
Received Maint Bill for 2007 (2b/2b Ocean View) itemized per unit as follows: $121.98 Replacment Fee $1,402.37 Operation Fee -$516.26 Developer Subsidy
Have sent an e-mail to my sales rep for clarification on Replacement Fee and Developer Subsidy.
It will be a very unwelcome surprise to find out that our maint.fees are under a developer subsidy with a limited term.... meaning our maint.fees will jump by $516.26 per unit if/when this subsidy expires!!!!
Owned Marriott Marbella and only had 1 line item to pay - Maintenance with no subsidy or replacement fees at/around $1,000 per unit and was sold on SK being at a similar level for annual maintenance.