How condo maintenance fees are calculated and spent (ON)

There are more than 2,500 registered condominium corporations in the City of Toronto. While those condominiums may range from skyscrapers made up of apartment-style units to blocks of townhouses, one thing that every condominium corporation has in common is the obligation for unit owners to pay common expenses.  Maintenance fees will often be several hundred dollars per month or more, so unit owners want to know how are they’re calculated and how they’re spent.    Read the article………….


Related Articles

Time Limit for Special Assessments to be Challenged

Condominium owners are never happy to hear the news that their condominium corporation is levying a special assessment.  In a

How the Budget Committee Works in a Homeowners Association

For homeowners associations with a January through December budget year, the time clock is ticking to develop a budget for

Budgeting and the Bottom Line: Reviewing Your Association’s Budget

Preparing the annual budget is by no means an easy task. Those charged with preparing condominium or HOA budgets will