The long-term costs of lowering maintenance fees
A condo lawyer warns of the potential consequences of a recent trend toward austerity
Friday, September 18, 2015
By Megan Mackey
Maintenance fees are currently a hot topic of debate in condominium circles. On one side of the debate, consumer advocates suggest that low maintenance fees are desirable because they increase property values and make condominium living more affordable. On the other side of the debate, industry professionals warn that artificially reducing maintenance fees could be catastrophic in the long run...