A condominium buyer will make monthly mortgage payments, as well as pay a fee for maintenance of common areas.

Name: A condominium buyer will make monthly mortgage payments, as well as pay a fee for maintenance of common areas.
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This is generally true for most condominium complexes. The monthly mortgage payments are for the purchase of the individual unit, while the maintenance fees are for shared spaces such as hallways, elevators, and exterior amenities.

A Condominium Buyer Will Make Monthly Mortgage Payments, as Well