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Simple answers to Complex Questions and Complex Answers to Simple Questions. In real life, I'm a Greater-Toronto (Canada) Realtor with RE/MAX Hallmark Realty Ltd, Brokerage. I first joined RE/MAX in 1983 and was first Registered to Trade in Real Estate in Ontario in 1974. Formerly known as "Two-Finger Ramblings of a Forensic Acuitant turned Community Synthesizer"

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Sunday, September 12, 2010

Why are maintenance fees calculated by square-foot, not number of people residing in a condo?

Q....Why are maintenance fees calculated by square-foot, not number of people residing in a condo? Please think before you answer.

from Zoocasa Ask the Pros


A....Good question.




That's why newer buildings unbundle the heat and hydro from the maint fees(and many existing are retro-fitting to per-unit metering)



The water is at bulk rates so don't worry too much about that.



The concept flowed from the proportionate share of ownership that each unit was given in the original declaration.



The schedule for maintenance was just matched to that share.

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