if the developer of your mixed use resort with 1,000 residential, single family homes has arranged for an orderly transfer of the ownership of the clubhouse to occur in a phased plan where 20% of the ownership is transferred each year for the next five years, and the operating costs of the clubhouse are $500,000, how much will each homeowners dues have to increase next year to absorb the cost?

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02-11-2022
Business

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if the developer of your mixed use resort with 1,000 residential, single family homes has arranged for an orderly transfer of the ownership of the clubhouse to occur in a phased plan where 20% of the ownership is transferred each year for the next five years, and the operating costs of the clubhouse are $500,000, how much will each homeowners dues have to increase next year to absorb the cost?

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