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6 Myths About Condo Maintenance Fee's

Author: 
Toronto Condo Team CA
Publication date:
May 21, 2020
Article Summary: 

Condo maintenance fees are necessary to maintain common areas and assets of a building, but there are misconceptions around them. It's legal to increase fees and lower fees don't always mean lower costs. Fees cover utilities, amenities, insurance, and more. Larger buildings may have lower fees due to economies of scale. Maintenance costs for new buildings depend on management. Lower fees don't always indicate higher building value.

Keywords: 

condo maintenance fees, common areas, legal, utilities, amenities, economies of scale, building value

Source Citation: 
Toronto Condo Team CA
6 Myths About Condo Maintenance Fee's
May 21, 2020
https://torontocondoteam.ca/6-myths-about-condo-maintenance-fees
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