Jeff O'Leary
Sales Representative
Visit blog
My videos on YouTube
Visit me on Facebook
Follow me on Twitter
print version

What is Included in Condo Fees? 
Condo Fees  In Mississauga or anywhere else in Ontario, Condominium unit owners pay a monthly fee to cover their portion of the operating expenses of  the common elements. Also, a portion of this fee is put into the Condominium's reserve fund to ensure there are adequate funds to cover major repairs or replacements over the life of the building. 
When purchasing a condo unit in Mississauga or anywhere else, it is always a good idea to request the status certificate as a condition on the purchase- which will outline to the potential buyer the level of the reserve fund along with how the condo fees are being spent. It is always recommended that you have your lawyer review the status certificate. 
Home Search  Selling Your Home  Local Sales  FYI Real Estate 
Contact Jeff O'Leary  Newsletter Sign Up- Enter for a chance to win! 

Typical Expenses Convered by Condo Fees 

 

Day to day upkeep of the common elements- snow removal (Important in a climate like that of Mississauga), landscaping, cleaning of lobby, excreta

Contributions to the Condominium reserve fund

Property Management Fees

Building repair and maintenance

Salaries of the Condominium employees- for example security guards, manager

Amenities- gym, pool and other common areas

Utilities

The Condominium Corporation's Insurance Policy

Other services

 

Home Search  Selling Your Home  Local Sales  FYI Real Estate 
Contact Jeff O'Leary  Newsletter Sign Up- Enter for a chance to win! 

For more information on condominiums or other real estate

Search Condominiums for sale
View more services  
admin listings buying selling privacy policy contact site map