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Fees and Expenses

As a condominium community, Owners at Millward pay monthly fees toward an  operating budget which funds the costs of property management, trash removal, lawn and landscaping care, lake maintenance and operation of the fountains, and snow removal, as well as insurance for replacement cost of the buildings at builders grade. Fees are determined annually by the Executive Board based on this budget. In addition, Owners also make regular contributions to a Reserve Fund to cover the costs of repair, replacement or establishment of Common Elements.

Buildings are considered a Limited Common Element, with costs for each building shared proportionately by the four Owners of that building. Owners are assessed for the costs of maintenance of their building's exterior. These costs are not included in the annual operating budget. 

Other Common Element maintenance costs may also be assessed at the discretion of the Executive Board.

Owners are responsible for interior maintenance of their unit, as well as property taxes. Owners should carry insurance (HO6 policy) for any upgrades to their unit, as well as their personal property.

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