What are condo fees?
Owners pay condo fees or common expenses fees to maintain the condo’s common elements, contribute to the reserve fund, and pay for important services such as cleaning, building maintenance and condo management.
How are my condo fees calculated?
Your monthly condo fees are based on your condo corporation’s yearly budget and the percentage assigned to your unit in the corporation’s declaration, usually tied to your unit’s size. Learn more about how these fees are calculated.