Increase in condominium fees
To compensate for the increased costs and high interest rates, the fees will be increased by 5% from January 1.
Until recently, the association has had a strong economy with a large surplus in the coffers. The surplus has been used to pay off the loans to give room to take out new loans and reduce interest expenses.
The greatly changed market situation with higher interest rates now affects the association's finances negatively and in combination with the fact that the association needs to take out SEK 60 million in new loans to finance the change of tribe, the surplus is reduced. Increased costs from district heating, water and other services also have a negative effect on the association's finances.
The board must act so that the association will have stable finances in the long term and be able to carry out the measures included in the maintenance plan. We believe that it is better to be proactive and increase in small steps than to have to increase in large steps when the situation is worse.
To compensate for the increased costs and high interest rates, the board has decided that the fees need to be increased by 5%, which will be implemented on January 1.
Depending on how the interest rate develops in the next few years, further increases may be needed to maintain positive cash flow, i.e. that the association receives enough money to pay the expenses.
It must also be said that the association still has good finances and good conditions for dealing with the challenges of the future. There are 3 vacant rental properties that can be sold when the tribe change is complete, which will bring in additions to the coffers.
If you have questions about this or about the association's finances in general, you are welcome to contact the board and we will do our best to answer.
Send your questions to info@brfsjukhuset3.se