Definition : Common expenses (condo fees)

Amounts of money required from the co-owners by the syndicate to meet the  expenses arising from the co-ownership and the operation of the immovable, as well as the amounts to be paid into  the contingency fund and the self-insurance fund. There are two main categories of charges: general common expenses relating to the administration, conservation and maintenance of the common portions  and particular common expenses. The participation of each co-owner varies according to the nature of the charges.