Managing Major
Repairs
A Condominium
Owners Manual
Appendix 6
Sample Cost Recovery Legal Process |
||
Time Frame |
Legal Task |
Fees |
| First Month |
|
$5,000.00 |
| First Three Months |
|
$1,500.00 |
| Fourth Month |
|
$3,500.00 |
| Fifth Month |
|
$1,500.00 |
| Sixth and Seventh Month |
|
$5,000.00 |
| Eighth and Ninth Month |
|
$8,500.00 |
| Nine Month Duration |
|
$2,500.00 |
Sub-Total of Fees |
$27,500.00 |
|
Disbursements & Taxes |
$2,500.00 |
|
Total Budget |
$30,000.00 |
|
Note: This is a sample of only one possible legal strategy and budget. It is not intended to be a guaranteed process or fee structure for any particular major repair cost recovery plan.