Common charges: How low can they go?

Condo boards cut costs, raise revenue to ease resident fees

Daniel Neiditch
Daniel Neiditch

From the August issue: Low common charges have always been a draw for buyers on the hunt for a luxury condo. Even in this fast-moving market, condo boards are paying close attention to monthly fees.

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Across the city, board members are looking for creative ways to reduce common charges and, at the same time, beef up amenities. [more]