Monthly Maintenance Fees
Monthly maintenance fees are regular charges that homeowners or tenants pay to cover the costs of maintaining shared facilities and services in a community or building. These fees can include expenses for landscaping, security, cleaning, and repairs of common areas, such as pools, gyms, and lobbies.
In many cases, these fees are associated with properties managed by homeowners' associations (HOAs) or condominium associations. The amount can vary based on the amenities offered and the overall budget of the association, ensuring that the community remains well-maintained and enjoyable for all residents.