JoelM1 (Pennsylvania)
Posts: 61
Posts: 61
Posted:
Our new management company has a clause in their contract that states any project we take on which cost more than $10K (our painting cycle, drainage project etc.) requires an 8% payment to be made to them for their managment contributions of the project. We are a Townhome community of 225 units and we already pay a fairly high fee to the MC so this comes as a bit of a shock.
I was wondering if this is something that Management Companies commonly charge? I know our previous MC did not have this charge.
Thanks
I was wondering if this is something that Management Companies commonly charge? I know our previous MC did not have this charge.
Thanks