what is a condo fee

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What Does "Reserves" in a Condo Fee Mean? | Pocketsense – Whether they’re called condo fees, association dues or homeowner’s association dues, they all do essentially the same thing. When you own a condominium, you are a member of an association along with the other unit owners. The association is responsible for maintaining all of the shared areas of the condo complex.

Renting a Condo vs Apartment – Rent.com Blog – Maintenance Fees: Condo owners are responsible for taking care of their own maintenance woes, the way a homeowner is. That being said, you may have to pay for repairs if you rent. That being said, you may have to pay for repairs if you rent.

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Myth About Condo Fees – condopundit.com – Myth About Condo Fees or Maintenance Fee in Condominiums. The most common reaction from many condo buyers is their reluctance towards paying condo fees or maintenance fee. The concept of condo fee is often misinterpreted and misunderstood. In fact, condo fee has a great deal to do with the major benefits of living in a condominium.

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What You Need to Know About HOA Fees – Mortgage Calculator – What You Need to Know About HOA Fees. One of the major attractions to living in a planned development or gated community is the convenience and amenities it affords the home owner.

Home Buying: We're confused between: Condo Fee and HOA Fee. – A condo fee is where an association is responsible or the maintenance of the outside of the building(s), landscaping, and utilities, in addition to maintaining common areas and enforcement of the communities rules and regulations.

Condo-Buying Walkthrough: Condominium Fees – Investopedia – Fees could also be low to entice buyers while the developers sell all the units. Once the property is turned over to the condominium association, however, the fees could increase significantly.

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Florida Condo Fees Explained – programrealty.com – Condo fees are generally paid monthly or quarterly. A quarter is 3 months, so to calculate what a quarterly payment would be monthly, just divide by 3. For example, a condo fee of $1500 per quarter equates to a monthly fee of $500 per month.