When I purchased my unit in 2007, my Association certified my monthly assessment as $420.14 per month. I later learned that the total Association monthly assessment is $35,674.96. My percentage interest in common expenses is 1.03682 percent, so my monthly payment should be only $369.89. There are no provisions in our master deed or by-laws for any other charges. This information was confirmed by a CPA hired by the Association to perform an audit. The Association misrepresented a material fact in connection with the sale of real estate being offered to the general public. The CFA does not require proof of intent to mislead, only the capacity to mislead. I relied on the information provided by the Association and have an ascertainable loss inasmuch as I have overpaid each month.
Montclair, NJ - 8 months ago
Asked in Ashburn, VA - 11 months ago
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Asked in Ashburn, VA - over 2 years ago
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Asked in Ashburn, VA - over 4 years ago
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