Alan.london43, Renter in Baltimore, MD

What is condo fee?

Asked by Alan.london43, Baltimore, MD Sat Dec 22, 2012

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Hi Alan,

In condo ownership all units share the cost of certain expenses including comprehensive insurance on replacement of the home and major repairs. Alll owners also participate in the costs to maintain any facilities such as a pool, excercise room or elevator. The condo fee is the monthly share of your maintenance fees that are paid to a master association that manages and handles the repairs and maintenance.
0 votes Thank Flag Link Wed Dec 26, 2012
A condo fee is a cost to run the group of homes that all the home owners have agreed on to pay for all types of cost from accounting to Maintaining buildings before you buy in to a community , Where there is a condominium view the covidents and restrictions. Your dog fido. May not be aloud
If I can be of service love to assist
0 votes Thank Flag Link Sun Dec 23, 2012
Hi Alan,

The condo information as follows (per listing):

Condo/Coop Fee: $95.00/ Monthly
HOA/Condo/Coop Amenities: Common Grounds, Extra Storage, Fencing, Gated Community
HOA/Condo/Coop Rules: Covenants, Parking, Pets-Allowed, Restrictions
HOA/Condo/Coop Fee Includes: CAM, Custodial Services Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Master Ins Policy, Reserve Funds, Snow Removal

Hope this helps, Happy Holidays!

0 votes Thank Flag Link Sat Dec 22, 2012
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