What is included in a condo fee?

Answer 'Fee' is a term used for paying optional monies. You may incur 'fees' related to your purchase, your membership in a country club, or when carrying a bag onto an airplane. When you own a condomini... Read More »

Top Q&A For: What is included in a condo fee

What is included in condo fees?

Depends on the association. You pay assessments monthly, and they are an automatic part of condominium ownership, usually.You can ask your treasurer for a copy of the annual budget, so that you und... Read More »

Buying a Condo is it better when assessements are included or not?

A condominium living space is part of a condominium association, which is a business. The condominium association handles the preservation, maintenance and protection of all the real estate assets ... Read More »

What is included in condo association assessments?

Your annual budget, which a board member can provide you, lists the line items for bills the association expects to pay during the year with the assessment dollars it collects. Usually the line ite... Read More »

Is there a law regarding condo fees I live in a four-unit condo One of the members has not paid his condo fee for 7 months?

Yes, and the law is a local state law, plus the governing documents under which the association operates the property. Read your governing documents and follow the guidelines there to collect the p... Read More »