Who Should Pay Maintenance?

Who Should Pay Maintenance? Maintenance, or alimony, refers to payments made by one spouse to the other to assist with the support of the recipient spouse. Payments usually terminate upon the death of either spouse or a date decided by a judge or agreed upon by the husband and wife. Who paid maintenance? Hence payment

Why Are Condo Maintenance Fees So High?

Why Are Condo Maintenance Fees So High? Because condo fees cover the cost of utilities in many buildings, the fees in high-rise condo buildings are typically higher in order to help cover the large cost of heating and cooling the common areas as well as the larger-than-average individual condo units. Why are condo maintenance fees

What Are Monthly Common Charges?

What Are Monthly Common Charges? The owner of each unit in a condo building pays common charges, which are monthly fees that cover the building’s amenities, services, and upkeep. Common charges may include building staff salaries, management fees, and amenities such as heat, gas, and parking. The range of amenities that common charges cover varies.

Are Hsa Maintenance Fees Tax Deductible?

Are Hsa Maintenance Fees Tax Deductible? These are not qualified medical expenses. However, maintenance fees deducted by the custodian directly from the HSA balance are not taxable. Can I write off my maintenance fees? The rule for businessowners and landlords is that you can generally deduct amounts paid for repairs and maintenance if the expenses

Are Property Taxes Included In Ny Coop Maintenance?

Are Property Taxes Included In Ny Coop Maintenance? A co-op’s maintenance fee combines property taxes and common charges into one monthly payment. This is contrary to a condo where you receive a separate bill for each. It’s all one payment because remember you don’t actually own the apartment. How is coop maintenance calculated in NY?

Are Property Taxes Included In Maintenance Fees?

Are Property Taxes Included In Maintenance Fees? Your monthly maintenance fee pays for the building’s operating costs, any underlying mortgage, and importantly (unlike condos) includes your property taxes. Does NYC coop maintenance include property taxes? In co-ops, all shareholders pay co-op fees. Generally, co-op fees include property taxes, any underlying mortgage on the building, and

Can I Charge My Tenant For Common Area Maintenance?

Can I Charge My Tenant For Common Area Maintenance? Common Area Maintenance charges, or CAM for short, are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. How do you record common area maintenance charges? For the

Can Coop Increase Maintenance Wqithout Warning?

Can Coop Increase Maintenance Wqithout Warning? Mark explained that the reason the maintenance is so high is that the building doesn’t own the land it sits on – it’s rented for $2.5 million per year. Negotiations are underway to purchase the land for $50 million. The maintenance might not come down, but a much bigger