Jaybee: I'm talking about the maintainance portion of occupancy fees.. I expect fees to rise after occupancy, but during occupancy I feel it should be what the builder quoted (or at least very close)..
Dan: I'm talking about iLoft which I'm about to move into.. when I purchased in 2006 the fees were listed at $0.39 a sq/ft. At a recent orientation for new owners we were told that the budget was for 2008 and costs have gone up so fees must go up. On top of that there's HST on many things that were not factored in. So we were told a 20% increase plus just under 8% for HST. People who have already moved in are saying on the iLoft Facebook group that fees seem to be around $0.53 sq/ft. One person posted on facebook that their lawyer stated fees can only go up 4% a year. I can't figure out how they came up with that amount that they did.