Common Element Fees consist of all costs incurred by a Corporation in performing its duties. These would include snow clearing, landscaping, building maintenance and repair, utilities to the common areas, insurance premiums and the cost of administration.
The Declaration details what types of expenses are to be shared and in what proportions the unit owners are to pay.
Common expenses are paid on a monthly basis and are determined by the Corporation’s annual budget. The contributions are distributed either by unit percentage or equal sharing rights as detailed in the Declaration.
You can pay your fees by one of the following methods:
- Pre-Authorized Debit
- Online on the Owner Portal. You can make one-time payments or set up recurring payments using your bank account information.
- Cheque or debit at our head office
Should you not be able to create your account on the Portal, please contact info@towersrealty.ca.
