What is my Homes Corporation or Condominium Assessment Fee used for?
Homes Corporation Assessments
The homes corporation assessment finances the management of your local homes corporation, the maintenance of community properties such as green space, streets, sidewalks, post lamps, street lights and resulting utility charges, trash removal and the administration of covenants.
Owners of condominiums are assessed a single annual fee, which is paid monthly. The condominium fee includes the Montgomery Village Foundation assessment, separate recreational facility use and management fees. The condominium fee also includes funds for trash removal, street light utilities, water and sewer expenses, insurance, green space maintenance and snow removal.