Are there any monthly fees or dues payable by lot owners or homeowners?

0
Posted

Are there any monthly fees or dues payable by lot owners or homeowners?

0

Town & Country Negros Homeowners & Lot Owners Association, Inc. is the entity that determines and collects the monthly fees involved from individual homeowners / lot owners. All owners of the said subdivision automatically become members of the Association and thus help set the fees involved. This monthly fee is primarily used for maintenance such as, but not limited to; security guards, garbage collection, maintenance of the clubhouse complex and sports facilities, etc. This minimum monthly fee is on top of the PhP 6 M trust fund that Active Construction, Inc. has put in place and may be changed from time to time as the Association may deem proper and fit. As of the first quarter of 2002, the fees set by the Association are as follows: Lot owners: PhP 100.oo / lot / month Homeowners: 1.oo / sq. mt. / month, for the first 300 sq. mts. of lot 0.75 / sq. mt. / month, for 301 – 1000 sq. mts. of lot 0.50 / sq. mt. / month, for 1001 sq. mts.

Related Questions