One of my many monthly bills that helps drain out my monthly wages is the maintenance fee that i have to pay for the Condominium i live in. Having paid this fee for more then 3 years since i acquired my own real-estate, i never questioned this fee.Lately i was wondering why am i paying this fee? Is the money paid being used truly to maintain the condo or is someone else getting rich by this money?

When you tell someone you live in a condo the natural mental image you get is swimming pool,gym,squash courts and nice facilities that complement the pigeon hole you live in. Unfortunately most condominium’s lose steam as the years go by and gym,courts are the first casualties then followed by not so clean pools,damaged BBQ pits and finally quality of security goes down the drain.

But inspite of all that one variable does not change, the amount you pay for the maintenance. I’m sure if you live in a condo, you would know exactly what im talking about. Sick isn’t it? Well, its the reality of the way things is in this part of the world at least.

Some questions I have that i need to find answers for(Please comment if you know)

1) Do you have to pay this maintenance even if your not getting the money’s worth?

2) Who do you complain too if your not getting your money’s worth?

3) Who audits this?

There just isn’t enough protection for the consumer and lots of people are getting away murder because of this.

Your thoughts??