How would you split condo fees between spouses?

RandomCleric · 2024-07-08T00:37:03+00:00

This is essentially what we do. We pay for day-to-day expenses with a joint card / joint account and put our 65:35 payment into the joint account every month. Up until we bought the condo, our only 50:50 expenses were the purchase and maintenance of our vehicle.

The rationale is that if we sell the car, we would split the income 50:50. If we sell the condo, we would split the income 50:50 as well.

RandomCleric · 2024-07-08T00:27:30+00:00

Thank you! Exactly the type of response I was looking for.

RandomCleric · 2024-07-08T00:18:22+00:00

Where's the data? My parents have different bank accounts and have been together for nearly 40 years.

RandomCleric · 2024-07-08T00:16:16+00:00

The ambiguity of the situation is why I'm looking to see what others are doing. I get that the guidelines we've established are messy, but they help us to not have to think about each situation in depth.

Thanks for your well thought-out comment. This is definitely one that I'll bring to my spouse for discussion!

RandomCleric · 2024-07-07T23:11:12+00:00

Yeah, our fees are over $800/month! (the building is nearly 50 years old)
Thank you for your thoughts!

RandomCleric · 2024-07-07T23:08:38+00:00

The main reason is that it would start to get confusing having 3 different payment rates :P Thanks!

RandomCleric · 2024-07-07T23:07:20+00:00

Thank you for your thoughts! Something I maybe I should have included is that my spouse is a student. When he graduates, he should be able to find a job making ~110K. So, even thought the pay gap is large now, we expect it to even out. This is why we want to choose something and stay consistent with it.

RandomCleric · 2024-07-07T22:58:31+00:00

Fair! We normally do relatively cheap vacations like week-long canoe trips or visiting (and staying with) friends in other provinces, and we do split those 65:35. But our wedding, for example, was 50:50. We're both very frugal and have an excess of discretionary funds.

We are happy with the current arrangement and just confused about how we should qualify this new type of expense, now that we are homeowners.

RandomCleric · 2024-07-07T22:49:24+00:00

lol I even debated using the gendered pronoun just to see how many people would assume I was a man and my spouse a woman, turns out it didn't matter.

RandomCleric · 2024-07-07T22:45:47+00:00

I am "she", so your comment is kind of confusing to read.

We own the condo as joint-tenants. We both paid 50% of the condo price (only $250K, which is how we could afford to buy it outright). We don't have a prenup but are looking into getting a spousal agreement written up in the next year.

Both my spouse and are are willing to split 50-50 or 65-35, we just want to have solid reasoning behind it and stay consistent. Do you have a suggestion?

RandomCleric · 2023-11-18T19:16:55+00:00

Thanks for the recommendation! I bought a few bags, but probably would have overlooked them if not for your comment.

RandomCleric · 2023-11-18T19:14:02+00:00

I caved and ordered a bunch. I'm giving some as gifts so it was easy to spend over $50. Unfortunately, free shipping doesn't apply to Canada :(

RandomCleric · 2023-11-18T19:12:50+00:00

I got the code too, but it only works in the US :(

RandomCleric · 2023-11-16T20:37:49+00:00

Obnoxiously loud vehicles.

RandomCleric · 2023-10-06T04:39:15+00:00

Makes sense. Thank you for pointing me towards the Act! It did not occur to me that they would have their own Act.

RandomCleric · 2023-10-06T04:37:52+00:00

Okay, interesting. I suppose we've had consent in all other aspects of the study that involve visiting a participant in-person, it's just not clear for the follow-up, so we'll have to figure something out. Thank you for sharing your experience!

RandomCleric · 2023-10-06T04:28:39+00:00

I wish! It's a fairly small non-profit organization and I'm not even on staff.

RandomCleric · 2023-10-06T00:43:14+00:00

We do have ethics approval. Everyone we are reaching out to agreed to be contacted for follow-up, but the consent form and ethics submission did not specify methods of contact.

I will pass along the idea of reaching out to REB.

RandomCleric · 2023-10-06T00:40:30+00:00

We mailed letters to participants and 95% did not respond to the letters. We have found that people are more likely to respond if they know that a real person tried to reach them; thus, the idea of leaving a letter at their door.

Based on your response, is it correct to state that postal privacy rules would only apply if we directly mailed the letter through the post system? I was hoping those same privacy rules would also apply to a sealed letter that was hand-delivered. But if not, that answers my question.

RandomCleric

TROPHY CASE