StraPlex | United States | Tool
Fee Split and Reserve Calculator: United States
Split a small building's yearly budget by each owner's share, check the reserve against the legal minimum where United States sets one, and total a simple reserve plan.
Split the yearly budget
| Home | Share set by the declaration | Share | Per year | Per month |
|---|---|---|---|---|
| Home 1 | 25.00% | $3,750 | $313 | |
| Home 2 | 25.00% | $3,750 | $313 | |
| Home 3 | 25.00% | $3,750 | $313 | |
| Home 4 | 25.00% | $3,750 | $313 |
Each owner's share comes from the declaration. Florida condos must budget reserves for the roof, painting, paving and items over $25,000 unless owners vote to waive them. Enter each owner's figure from the title documents; equal numbers give equal shares.
A simple reserves plan
List each shared item you will have to replace, today's cost and the years it has left. The yearly figure is the cost divided by the years, with no allowance for price rises or interest.
Columns: item, cost today (USD), years left.
The plan needs $4,542 a year. Your budget puts $3,000 a year into the reserves.
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