Gregturnbull, i couldn't agree with you more regarding the other fees we have to pay. These fees will be continuous and they ARE INSANE!!!
Below is an example of what we very likely will be facing:
I know that some of the developers have said that you don't pay the master community fee for the first 3 years. I agree with that. How can you be asked to pay for the grass, trees, streets, street lamps etc if it will still be a contruction site for at least the next 3 years? Other developers are already charging for this....How can they if it's not there? Also, do i get a share of the profit? Again, the cost for this based on a 200 SQM apartment could be round about 24 000 per year!! Insane.
The service charge is round about the same as above per year. Again, some developers said the service charge for the 1st year is free as the building first needs to establish a "body corporate". They will then look at all the costs decide what they want to keep and what they want to cut down on and come up with a number. Again, why should we pay the fisrt year service charge when we haven't established what this will be and what we are paying for... Insane!
Then of course comes the QC monthly fee of minimum 1,500 QAR...
So, if you look at all the above charges based on a 200 SQM apartment per year:
Master developer 24 000
Service Fees 24 000
QC 18 000
Total 66 000 per year
That is an extra 5,500 QAR you have to pay every month on top of your morgage... and this is based on a 200SQM apartment. I don't even want to think about the people that have bigger apartments. And remember, you still haven't paid your water and electricity, phone, TV or internet... OR any other fees these developers will come up with. Oh, and also, you still might have to pay a year in advance deposit of the above amounts...
I have never in my life seen or heard of such ludicrous fees anywhere in the world!! We have to stand together as home owners and demand to see what they are spending our money on. We can't allow them to take our money without knowing what for. Just telling us it's for "fees" is not good enough. I demand to see why!
I WILL REFUSE TO PAY THE MASTER COMMUNITY FEE AS THERE IS NOTHING TO PAY FOR BUT A CONSTRUCTION SITE. I WILL ALSO NOT PAY THE SERVICE FEE UNTILL A BODY CORPORATE HAS BEEN ESTABLISH AND I CAN DECIDE ALONG WITH MY FELLOW HOME OWNERS WHAT WE WANT TO SPEND.
I'm sick and tired of being ripped off in broad daylight. I just hope and pray my building is furhter delayed so that i can legally cancel my contract and walk away from this mess UDC and QC and anyone else responsible has created!!
Hi Aboucayenne
Thank you for your best wishes. Appreciated.
Gregturnbull, i couldn't agree with you more regarding the other fees we have to pay. These fees will be continuous and they ARE INSANE!!!
Below is an example of what we very likely will be facing:
I know that some of the developers have said that you don't pay the master community fee for the first 3 years. I agree with that. How can you be asked to pay for the grass, trees, streets, street lamps etc if it will still be a contruction site for at least the next 3 years? Other developers are already charging for this....How can they if it's not there? Also, do i get a share of the profit? Again, the cost for this based on a 200 SQM apartment could be round about 24 000 per year!! Insane.
The service charge is round about the same as above per year. Again, some developers said the service charge for the 1st year is free as the building first needs to establish a "body corporate". They will then look at all the costs decide what they want to keep and what they want to cut down on and come up with a number. Again, why should we pay the fisrt year service charge when we haven't established what this will be and what we are paying for... Insane!
Then of course comes the QC monthly fee of minimum 1,500 QAR...
So, if you look at all the above charges based on a 200 SQM apartment per year:
Master developer 24 000
Service Fees 24 000
QC 18 000
Total 66 000 per year
That is an extra 5,500 QAR you have to pay every month on top of your morgage... and this is based on a 200SQM apartment. I don't even want to think about the people that have bigger apartments. And remember, you still haven't paid your water and electricity, phone, TV or internet... OR any other fees these developers will come up with. Oh, and also, you still might have to pay a year in advance deposit of the above amounts...
I have never in my life seen or heard of such ludicrous fees anywhere in the world!! We have to stand together as home owners and demand to see what they are spending our money on. We can't allow them to take our money without knowing what for. Just telling us it's for "fees" is not good enough. I demand to see why!
I WILL REFUSE TO PAY THE MASTER COMMUNITY FEE AS THERE IS NOTHING TO PAY FOR BUT A CONSTRUCTION SITE. I WILL ALSO NOT PAY THE SERVICE FEE UNTILL A BODY CORPORATE HAS BEEN ESTABLISH AND I CAN DECIDE ALONG WITH MY FELLOW HOME OWNERS WHAT WE WANT TO SPEND.
I'm sick and tired of being ripped off in broad daylight. I just hope and pray my building is furhter delayed so that i can legally cancel my contract and walk away from this mess UDC and QC and anyone else responsible has created!!