Understanding Condominium Basics and Maintenance Fees

As Property Managers, we are often asked questions related to an owner’s monthly maintenance fees. These fees are sometimes referred to as common expenses or common element fees. The types of questions we most often see are; what is included in my maintenance fee; where do I pay my fees; what options are available for payment of my fees; and are my maintenance fees going up this year? Find out why owners are required to pay maintenance fees, how they are calculated, how to pay them and repercussions when fees aren’t paid. As an added bonus, we will try...

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