Questions and Answers about Mortgage Financing
Financing does not have to feel like a maze of technical terms. At FINOVA, we believe clarity is the first step towards a smart decision. Explore our Practical Guides and FAQ centre to understand the financial language and every step of the process — without fine print and without complications.
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What are condominium fees?
These are the costs required to maintain, use and manage the common parts of a building (such as stairs, roofs, gardens or lifts). When buying a unit, the owner becomes liable for a periodic fee, usually calculated based on the property quota share. Before purchase, it is essential to request the latest condominium assembly minutes and the condominium debt/charges statement. These documents show pending debts, reserve fund amounts, and whether extraordinary works with significant future payments were approved.
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