Condo Fees

Condo fees, also known as condominium fees or maintenance fees, are monthly fees paid by condominium owners to cover the costs of maintaining the common areas and amenities of the condominium complex.

Condo fees typically cover expenses such as building insurance, landscaping, snow removal, maintenance of elevators and hallways, and access to amenities like gyms, pools, and party rooms.

The amount of condo fees can vary depending on the size and age of the building, the amenities offered, and the location.

• Related Terms: Condominium, Maintenance Fees, Strata Fees, Homeowners Association