Maintenance Fees in Hoboken Condo Buildings

Along with your mortgage and taxes, the monthly maintenance fee is the third major expense involved with condo ownership. Hoboken buyers frequently ask me , “What is included in the monthly fee?” In a condominium the owner owns the interior of their unit and a “percentage of common ownership” in the entire building. Overall, this “percentage of common ownership” is based off of the square footage of their condo in comparison to the total square footage of the entire condo building. To read more about what's including in the maintenance fees, please visit my Hoboken real estate blog. http://blog.livingonthehudson.com/2009/06/30/maintenance-fees-hoboken-condo/