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With an average median cost of $835 monthly, Miami condo fees are higher than any other area in Redfin’s review. ... 82% of Americans are missing out on a savings account that pays over 10 times ...
This HAI is "meant to measure the share of disposable income that a representative household would put toward housing-related expenses," which includes mortgage payments and utility fees. The measure is a ratio of housing-related costs to average household disposable income; the higher the ratio, the more difficult it is to afford a home. [2]
Miami-Dade County’s median monthly condo association fee of $900 from April through June this year is up more than 59% from the $567 fee over the same stretch in 2019, according to data from Redfin.
A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property Each tenant pays their pro rata share of a property's total CAM charges, which prorated share is the percentage of the tenant's rented square footage of the total, rentable square ...
The Davis–Stirling Common Interest Development Act is the popular name of the portion of the California Civil Code beginning with section 4000, [1] which governs condominium, cooperative, and planned unit development communities in California.
You're planning to purchase a new home, and while browsing online, you've noticed many of the listings you're interested in contain unfamiliar real estate terms. Specifically, you want to learn ...
Can my condo change the way it charges owners for common expenses? Question: In a recent column, you mentioned that the approval of every owner was required to change the allocation of common ...