CONDOMINIUM FEE
The data on condominium fee were obtained from questionnaire item
H25, which was asked at owner-occupied condominiums. This item was
asked on a sample basis. A condominium fee normally is charged monthly
to the owners of the individual condominium units by the condominium
owners association to cover operating, maintenance, administrative, and
improvement costs of the common property (grounds, halls, lobby,
parking areas, laundry rooms, swimming pool, etc.) The costs for
utilities and/or fuels may be included in the condominium fee if the
units do not have separate meters.
Data on condominium fees may include real estate tax and/or insurance
payments for the common property, but do not include real estate taxes
or fire, hazard, and flood insurance for the individual unit already
reported in questions H21 and H22.
Amounts reported were the regular monthly payment, even if paid by
someone outside the household or remain unpaid. Costs were estimated as
closely as possible when exact costs were not known.
The data from this item were added to payments for mortgages (both
first and junior mortgages and home equity loans); real estate taxes;
fire, hazard, and flood insurance payments; and utilities and fuels to
derive "Selected Monthly Owner Costs" and "Selected Monthly
Owner Costs as a Percentage of Household Income in 1989" for
condominium owners.
Comparability--This is a new item in 1990.
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