Is Your Miami Condo Association Secretly Overcharging You?

A new report from the property management firm FirstService Residential provides a “benchmark” maintenance fee for highrise condo towers in Miami-Dade County.

FirstService Residential, a property management company, has released a new 40-page report analyzing condo association maintenance fees in Miami-Dade County. (Image courtesy of FirstService Residential)

Living in a highrise condo tower with at least seven stories in Miami offers all of the modern day conveniences of residing near the coast without the burden – and the commute – that goes along with residing in a single-family home out west.

For this type of stress-free lifestyle, condo owners are required to pay monthly maintenance fees to cover the costs of everything from landscaping to pool service, common area electricity to water, concierge service to valet parking.

The fees are typically calculated based on the square-footage size of each unit in the tower.

For example, a $500 monthly fee for a 1,000-square-foot unit with would effectively mean that an association is charging about $0.50 per square foot monthly for maintenance. This fee wipes away any labor or expense responsibilities for your castle.

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This information is believed to be accurate and complete but cannot be guaranteed or warranted.

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