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Condo Fees: Why Do We Need to Pay Them?

Author: 
Alex Hood
Publication date:
June 4, 2022
Article Summary: 

In this blog post, the author discusses the importance of paying condo fees and how they are used to maintain the common elements of the building. The author explains that condo fees cover the costs of things like cleaning, maintenance, repairs, and utilities for shared spaces such as elevators, hallways, and outdoor areas. They also contribute to a reserve fund, which is used for unexpected expenses and major repairs. The author emphasizes that paying condo fees is a necessary part of owning a condo and that neglecting to do so can have serious consequences.

Keywords: 

Condo fees, common elements, maintenance, repairs, reserve fund, utilities, consequences, shared spaces, unexpected expenses.

Source Citation: 
Alex Hood
Condo Fees: Why Do We Need to Pay Them?
June 4, 2022
https://strata.ca/blog/condo-fees-why-do-we-need-to-pay-them
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