Quote:
Originally Posted by STI Jaguar
Lets say that the condo assessment fees is $400. What does this mean?
Is this the amount that you would have to pay on top of your mortgage every month?
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Are those the condo assossiation fees? If so, then yes you do. It is usually for the upkeep of the condo. Condos also sometimes have special assessments that are for a limited time for large repairs. So not sure which one the 400$ fee is, if it's a monthly fee, or a limited time fee until they pay off a repair bill.