Condo Fees definition
Condo Fees means the monthly cost of operating, maintaining and repairing the common elements of the Building, costs relating to the maintenance or management of the Building, property taxes relating to the Building (other than the Property), and reserves for deferred maintenance as determined by the Condominium Corporation and allocated on a Property basis pursuant to the Condominium Rules.
Condo Fees means an Owner's percentage of the common expenses and reserve fund contribution that shall be owing from time to time and any amount that a particular Owner must pay pursuant to the provisions of these Bylaws;
Examples of Condo Fees in a sentence
For Property Managers, the association, trust or other organization that is responsible for collecting fees or dues associated with the Unit(s) for which you have entered into a written agreement to collect Condo Fees.