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A special assessment fee is paid by condo owners on top of their usual monthly maintenance fees. According to the report, the condo board approved the special assessment fee based on findings from ...
The condo associations are also required to beef up their reserves to meet their future maintenance needs, which is adding to condo owners’ fees — money they must pay on top of their mortgages ...
Insurance problems are driving up the costs of condo living and putting ownership ... his HOA’s monthly fees — which cover insurance premiums, reserves, and maintenance — have roughly ...
Needing that cash on hand makes HOA fees higher—and more condo properties out of reach for homebuyers. ... condos that once had a $400 monthly maintenance fee may now have a $700 fee, which is ...
Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. 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
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.
Condominium (a.k.a. commonhold and strata title) – Ownership of an apartment or house is assigned to an individual, but common areas (e.g. hallways, heating system, elevators, exterior areas) are controlled by the homeowners' association. Fees are charged to the condo owners for maintenance of the common areas. These are referred to as "condo ...
The only stipulation was that the $15.00 per diem must be paid every year whether the unit was occupied or not. This "must be paid yearly fee" would become the roots of what is known today as "maintenance fees", once the Florida Department of Real Estate became involved in regulating timeshares.