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Common Elements and Monthly Condominium Fees

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In most condominium corporations, each owner is responsible for the maintenance and repair of his or her own unit and the corporation is responsible for the maintenance and repair of the common elements.

To pay for the general maintenance and upkeep of the common element facilities, condominium residents pay monthly common expenses. The amount of each residents's common expenses usually depend on the size of the unit, and the types of facilities offered by the condo. For example, condos with swimming pools and entertainment centers will generally have higher monthly common expenses than buildings without these facilities. These monthly fees can amount to quite a significant cost, so it is important to be aware of them before purchasing a condominium unit. 

Commercial and Residential Property Management

RMSCO Management Services Ltd. 
16775 Yonge St. Unit 307
Newmarket, ON, L3Y 8J4

Phone: 905-836-6078    Fax: 905-836-6089





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Located in Newmarket, serving Southern Ontario.

©2017 RMSCO Management ServiceS Ltd.

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    • Home
    • Services
      • Condominium Services
      • Financial Services
      • Administrative Services
    • Maintenance Management
      • Maintenance Request
    • Request Quote
    • Contact Us
    • Building/Login
      • YRCC #624
      • YRCC #626
      • YRCC #694
      • YRCC # 742
      • YRCC #756
      • YRCC #774
      • YRCC #781
      • YRCC #797
      • YRCC #817
      • YRCC #832
      • YRCC #871
      • YRCC #992
      • YRCC #994
      • YRCECC #1155
      • YRSCC #1259
    • Frequent Questions
    • Indoor Storage Units
    • COVID-19