Maintenance Fee

Concept of Maintenance Fee in the context of Real Property

A short definition of Maintenance Fee: As applied to condominiums and planned developments, the amount charged each unit owner to maintain the common area. Usually a monthly fee paid as part of the budget.

Concept of Maintenance Fee in the context of Real Property

A short definition of Maintenance Fee: As applied to condominiums and planned developments, the amount charged each unit owner to maintain the common area. Usually a monthly fee paid as part of the budget.