マンション管理費について知っておきたいポイント：Points to know about condominium management fees

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In condominium living, you are required to pay a management fee and a reserve fund for repairs. The management fee is used to maintain the building, and the repair reserve fund is to prepare for future large-scale repairs, but sometimes, you may feel that the management fee is too high. We would like to talk about some points to determine whether the management fee is appropriate or not.

１．What are the reasons why management fees are high?

If the management fee is set high, it is often the case that the repair reserve fund is well funded and the management service may be well provided. In a well-managed condominium, the value of the building is likely to be maintained for a long period of time, which may lead to a sense of security in the long run.

2. check the trend of management fees

However, it is recommended that you carefully check to see if management fees have risen continuously over the past several years. Especially if you are considering purchasing a property, it is important to view the past minutes of the management association to understand how management fees have changed and what the association plans to do in the future. If management fees are expected to continue to rise in the future, you need to consider whether your budget will allow you to make the payments without difficulty. Also, if you are thinking of selling the property in the future, high management fees may become a burden on prospective buyers at the time of sale, making it difficult to sell.

Here’s the reality. Because of the volume of management association minutes to read, it is practically impossible to keep track of everything. It can also be said that predicting changes in management fees is only a possibility. Therefore, since it is realistically difficult to know “for sure” the inner workings of a property before purchasing it, it is advisable to ask the builder about some likely good areas of the property. However, the reality is that this is not an absolute certainty. It is difficult to predict with certainty the future movements of the association. 3.

3. benefits of participating in a management association

I have an acquaintance who actively serves as a board member of a condominium management association. There are some cases where a certain amount of work expenses are paid for serving as a board member, and there is also the benefit of having a direct understanding of how management fees are spent and how the building is being managed. However, many condominium owners tend to only submit proxies to general meetings of the management association and do not attend the meetings.

4. risk of large owners and management policies

In some condominiums, large owners who own multiple units may have certain voting rights and influence management policies. Since management fees and policies may be affected, it is a good idea to interview the real estate company in advance about management fees and repair plans when considering purchasing a condominium. However, this can also be a difficult content to grasp. It may be a good idea to ask in advance about past trends in price increases.

I wish you all a better life, Have a good life.