In every condominium association, there must be a defined basis for how the total monthly fees are allocated to each apartment.
The association's operating costs, as well as costs for interest and amortization on the association's loans, can, for example, be allocated to the condominiums based on the share of contributions or a share ratio. In recent years, it has become more common for costs to be allocated according to the share ratio.
When new units are allocated, such as in attic conversions or when a commercial space has been converted into a residential unit, these should be assigned a share ratio, and the share ratios for the remaining units should be recalculated.
Forum conducts investigations and proposes how changes to share ratios should be managed.