This condo owner pays fees for a money-losing garage and doesn’t even own a car – I live in a condo with 150 different units. In fact, I wonder whether the board members themselves park in the garage, and thus are purposely keeping the monthly fee low. If that’s the case, that.
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Buying a condo? Be aware of monthly fees and repair costs. – While condos have many of the same fees as homes, such as insurance, taxes and utilities, owners must also pay hundreds of dollars in monthly condo fees, which can rise regularly to help pay for.
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5 things to know about condo fees | Calgary Herald – Condo fees can also increase with very little notice, often every year. Who’s in charge of the money? As an owner, you have a say in how your condo fee is spent. The condo corporation is a non.
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Myth About Condo Fees – condopundit.com – Another popular misinterpretation about condo fees or maintenance fee: In apartments, condo fee is generally based upon per sq ft basis. Say, if you buy a $700 sq ft condo (common entry level condo apartment), your condo fee can be $0.50 cents p.s.f or $350 per month.
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What’s wrong with D.C. condo owner bill of rights? – D.C. Council members are studying a controversial measure that would provide new protections for homeowners who are facing foreclosure by condominium associations for failure to pay monthly fees. We.
What Do Condo Fees Cover? | realtor.com – The breakdown: Condo fees and costs. Reserve fund: There are expenses that don’t come up on a monthly, or even an annual, basis that will need attending to, so a well-managed condo board will charge owners a certain amount per month that will go into a reserve fund. It would cover things like paving, reroofing, replacing water heaters,