Condominium fees are monthly payments made by residents of a condominium to cover shared expenses. These fees typically fund maintenance, repairs, and amenities such as pools, gyms, and landscaping. They ensure that common areas remain in good condition and that necessary services are provided. The amount of condominium fees can vary based on the size of the building, the number of units, and the services offered. Residents may also pay special assessments for unexpected repairs or improvements. Understanding these fees is essential for budgeting and managing living costs in a condominium community.