What Association Costs Will You Pay When Buying a Condo?

• Condo fees, otherwise known as maintenance fees. Condo fees are paid by every resident to help with the maintenance of the building, pay the salaries of groundskeepers, concierges or handymen, and provide luxury facilities such as a pool, gym or rooftop garden. Condo fees are paid monthly and are subject to change.
• Special Assessment fees. These fees may be requested when an unexpected repair or planned modification exceeds the cost of the condo fees collected.

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