All owners pay a monthly common charge, based on their percentage of ownership in the building, which in turn is based on the square footage owned. The monthly common charge covers all of an owner’s expenses except for electricity and any optional services (i.e. cable, internet service, telephone, and parking). Heating, air conditioning, water, sewage, trash removal and window cleaning are all included in the monthly fees.
Chatham Tower is managed by the Tower at Chatham Center Condominium Association. All owners of units in Chatham Tower are members of the Association. A seven member Executive Board, elected by the members of the Association at an Annual Meeting, oversees the Building Manager in the day-to-day running of the building. The Association also employs eight staff members to meet the needs of the building and its residents.