Condominium Association Fees - What Are My Monthly Fees Going Towards

When you purchase a condo, you’ll likely be required to pay monthly condominium association fees (COA fees). These fees help maintain the shared spaces, amenities, and essential services that keep the community running smoothly.

The amount you pay varies based on your location, building size, and available amenities. Understanding what these fees cover can help you determine whether a condominium is the right fit for your lifestyle and budget.

What Do Condominium Association Fees Cover?

Each condominium association sets its own budget, but here are some common expenses typically included in monthly fees:

1. Property Maintenance

COA fees cover routine upkeep of the buildings and facilities, such as:

• Exterior building repairs (roof, siding, lobby, hallways)
• Common area cleaning (lobbies, stairwells, elevators)
• Shared facility upkeep (pools, fitness centers, spas, clubhouses)

2. Landscaping & Grounds Maintenance

To keep the property looking its best, associations often cover:

• Lawn care and landscaping
• Pool cleaning and equipment repairs
• Seasonal maintenance (snow removal, replanting, pest control)

3. Provided Amenities

If the community offers amenities such as gyms, game rooms, or lounges, a portion of your fees helps maintain and repair these facilities.

4. Security Services

For communities with security features, COA fees may include:

• Gated entry access and security guards
• Surveillance cameras and monitoring
• Security patrols or controlled access systems

5. Shared Utilities

Some condominium associations include utility costs as part of monthly fees, such as:

• Water and sewer
• Heating and air conditioning for shared spaces
• Cable, internet, or trash collection

6. Insurance Coverage

While condo owners typically need personal homeowner’s insurance, COA fees often contribute to:

• Master insurance policy (covering the building’s exterior and common areas)
• Liability coverage for shared spaces

7. Emergency & Reserve Funds

COAs maintain reserve funds for unexpected repairs or major projects, such as:

• Roof replacement
• Plumbing or electrical system repairs
• Fire or flood damage restoration

8. Trash & Recycling Services

Most condominium fees include garbage collection and recycling services, ensuring a clean and efficient waste management system for residents.

How Do These Fees Benefit You?

While paying a monthly COA fee may seem like an added expense, it covers many costs that homeowners would otherwise pay out-of-pocket—such as landscaping, security, and facility repairs.

Condominium fees vary based on the size, location, and amenities offered, so it’s important to understand the breakdown before purchasing a unit.

Need Expert Condo Association Management?

Managing a condominium association requires experience and strategic planning. At RealManage, we provide professional condominium association management to help maintain your community efficiently. Contact us today to learn more.