H Residence Maintenance Fee. A sinking fund is a reserve fund collected from the strata owner for future expenditure which is typically less predictable and cost a lot more than the usual maintenance fee. The maintenance fee for condo is a monthly charge that owners must pay to manage maintain and upkeep the whole strata property.
Maintenance fees also cover the costs of special events and entertainment offered by the resort as well as offsetting the cost of reduced airfare car rentals and event tickets. Resident cooperation and penalize residents who are negligent or abuse property. That means if youre in an expensive complex with high maintenance fees your sinking fund will be higher as a result.
Hi SirMadam Maintenance fees for 3 bedrooms is 89180month for the 1313sqft unit and 103740month for the 1625sqft unit.
When a PHA is experiencing costs associated with resident damages or move-outs with residents owing rent or leaving. Those day the condominium maintenance fees was calculated based on your house built up area but now i have to pay for my parking lot. Total 208636 Below this number is another number that states average maintenance fee 200739. This is an extra cost of 48000 over 10 years.