condo fees
Shared maintenance costs
Condo fees are the monthly or quarterly charges paid by condominium owners to cover shared expenses—building maintenance, landscaping, amenities, insurance, and reserves for major repairs.
The fees vary widely based on the property's age, location, and amenities: The condo fees include a gym and pool.
Also called HOA fees or maintenance fees.
- homeownerProperty title holder
- assessmentFormal evaluation of worth
- special assessmentTargeted fee for improvements
- monthlyOccurring each lunar cycle
- monthly paymentRecurring scheduled remittance
maintenance · property management · HOA · dues · building · amenities · elevator · lobby · doorman · pool · gym · parking · common areas · reserve · reserve fund · budget · board · meeting
- chargessurcharges, levies, service charges, tolls, hotel tax
- housing costsrent, mortgage interest, mortgage insurance, property insurance, home insurance
- automated paymentsautopay, bill pay, direct deposit, standing order, payroll deposit
- condosco-op, unit, HOA, homeowners association, common elements
- HOA feesmonthly dues
- debtscredit card debt, car loan, student loan, loans, bank loan
condo feesrent
Payment for temporary use
property taxes · mortgage payment · utility bills · down payment · closing costs
condo feesrental income
Earnings from leased property
property appreciation · home equity · investment returns · dividends · fee waiver