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What Does The Apartment Maintenance Fee Cover? (PT2)

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 Air B&B tenant to pick up the garbage. It also does not include you arguing over that third parking space for your luxury SUV when you live in a one bedroom apartment and you’ve only been allotted 2 parking spaces.

Now, let me tell you what it actually covers. Your maintenance covers anything in the common area or the outside structure of the building.

  • You know, that light in the corridor that leads to all apartments? Yes, that.
  • Cleaning of the pool
  • Mowing the lawn
  • Sweeping the grounds
  • Pest control
  • 24 hour security
  • General insurance
  • Common area
  • Water
  • Have an elevator? Maintenance of that convenience as well.

Need more information? Get all the details in our free eBook, How to Buy an Apartment or Condo in Jamaica.

Need help finding your new home or office? Give us a call at +18765139222 or email me at cherine@mypowerliving.com

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Maintenance Fees (PT1)

Did you know that if you don’t pay your maintenance fees you could actually lose your apartment?

If do not pay your maintenance for a period of time or you owe your strata a lot of money, here is what they could do:

  • If your stratum is being run properly they could exercise their right to send you a warning letter.
  • If you do not respond in 30 days or decide not to pay, the strata could submit an application to the Commission of Strata for a Power of Sales Certificate.
  • Once they receive this, they could sell the apartment to recoup any maintenance fee that was owed as well as any other legal or advertising fees associated with the sale. Also if you have any mortgage left, this will be split between you and the mortgage company.

Visit PT2 for information on what your maintenance fees cover.

Need more information? Get all the details in our free ebook, How to Buy an Apartment or Condo in Jamaica.

 

Need help finding your new home or office? Give us a call at +18765139222 or email me at cherine@mypowerliving.com

 

BEFORE YOU GO

Learn How To Buy An Apartment or Condo in Jamaica

This FREE (and highly resourceful) eBook will give you several tips and strategies to help you buy an apartment or condo.

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