Maintenance Fees

Also referred to as common area expenses. Maintenance fees are a monthly charge (your share) for the utilities, regular upkeep, management, administration and insurance for the common element areas. The fees vary according to project and home size. Each homeowner's portion of these expenses is set out in the budget statement, which lists the percentage for which each unit is responsible.

Below is a chart to use as a guideline to how maintenance fees could be allocated based on a 800 sq. ft. suite*:

But for many people, the maintenance costs involved with living in a condominium are offset by expenses they used to have when they lived elsewhere. For example, you may no longer find it necessary to belong to an expensive health club or recreation club (not to mention the time and energy you spend getting there).

When you live in a Tridel condominium, you often have access to amenities that you may not have been able to afford on your own. For example, when was the last time you owned a home with a party-room for 200? Or a multi-media lounge with seating for 25? Or a recreation complex with virtual golf? All these amenities, and more, are available in many Tridel condominiums. And, like the rest of the building, the maintenance is looked after, leaving you free to fully enjoy your new home.