Hey this is Cherine Anderson your power realtor with another Power Tip
Well, let me start by telling you what it does not cover. It does not cover.
The security for your complex going to the door of your Airbnb tenant to pick up the garbage. Nah naah guh work
It also doesn’t include you arguing over that third parking space for your luxury SUV, when you know you’re only living in a one bedroom and you’ve only been allotted one space
But let me tell you what it actually covers:
So let’s say one of the lights in the car the leading to your apartment result that will need to be fixed and that comes from your maintenance
And let’s say have an elevator some light, not in your building, it would generally cover the maintenance of the elevator.
Do you need more information on maintenance fees? Visit
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Hey this is your Power Realtor Cherine Anderson with a Power Tip for today.
If you don’t pay your maintenance fees for a period of time or you owe your strata a lot of money, here’s what they could do:
Once they receive the Power of Sale Certificate, your Executive Committee could sell your apartment to recoup the money you owe. They will also take out any legal, advertising and extra costs associated with the sale.
If you borrowed a loan (mortgage) to buy your apartment, the remaining money from the sale would be shared between you and your lender(s).