What do Common Element Fees Pay For?
Common element costs include all common elements or shared costs including (but not limited to) common area heating and cooling (including parkade) maintenance, grounds keeping and landscaping, service contracts for elevators and safety equipment, professional management and janitorial costs, building insurance, (owners require separate condominium contents and betterments insurance), snow and garbage removal, lights, power and telephone in the common areas, in-suite and common area water and sewer, as well as replacement and maintenance reserve charges etc. Residents pay separately for telephone, in-suite hydro, cable TV, contents insurance, and property taxes.
