What exactly does condo maintenance fee cover?
I am living with my parents but I have foot the condo maintenance for a number of years now. Last year, a water pipe on the floor began leaking and affected the entire lift lobby – Lobby ceiling was warping due to the leaky pipe and water puddles on the floor.
It was checked and determined that the faulty pipe belonged to our unit and apparently my dad had to pay a few thousand to get it fixed.
It was pretty inconvenient before it was fixed as we would turn off the pipe during the day to minimize the leakage then turn it on whenever we needed to shower etc. (The pipe’s valve is diagonally across the lobby, outside our neighbours house).
I find it weird that we are charged for repair works on something that we literally have no oversight on and also considering the amount we pay monthly for maintenance?
- Cleaning, carpark, condo sinking fund
- Security guard salary
- MSCT maintenance and sinking fund contributions are for common property. Anything that is caused by owners’ unit pipes, fittings, etc. are under owner’s responsibility.
When you have experience owning old condos, you will realise water proofing issues from leaks to your neighbour below have to be borne by you or if you are lucky, maybe 50-50. This is how it works.
- Am on condo mcst. We use maintenance fee for general upkeep like servicing aircon in gym, pool cleaning, gate repair/maintenance, gardening/tree cutting, mechanical carpark maintenance.
There are also things like audit fees for our accounts and stuff. For the larger expenses like replacing aircon in gym, repainting whole building, replacing elevator we draw from sinking fund and we sometimes have to add a special fee to make sure we have enough money. (Special fee balance returned to owners once special fee project is complete.) We are going to paint this year. If there is water damage coming from a unit we will highlight to them and offer options, but it’s their responsibility