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19
Feb -
Condominium Maintainance Fee’s
- With 5 comments
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??
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There are 5 comments
¬ Wing Loon
#1078 February 19th, 2008 at 7:13 pm
How much you paying for your maintenance fee?
¬ abi
#1079 February 19th, 2008 at 10:03 pm
Im paying about $145
¬ KC
#1080 February 19th, 2008 at 10:30 pm
Totally insync with Abi’s post. Who does keep the accounts in check? The fee at my condo is at RM190 per mth.
¬ Karthik
#1082 February 20th, 2008 at 2:04 am
190 a month? I always thought living in a condo is much expensive than that..
¬ Karthik
#1083 February 20th, 2008 at 2:06 am
Having friends living in condo’s, and they complain about it all the time…about how their maintenance fees is just the same, which is mostly 200+ and it kills them of their income.