Really? This doesn't seem fair to be a surprise at the end. How much are these fees typically? Is there a rule of thumb, like a percentage of the selling price?
Thanks.
looking at my documents, some fees are divided among the number of units.
For example:
reserve fund can be any amount between 1 to 3 months of your maintenance cost.
The following are a percentage of the number of units shared. The following numbers are examples. Each building will have different costs and cost might vary depending on cost charged and number of units and size of your building.
performance audit (eg. Purchaser' share 0.1662% of $22,050)
reserve fund study (0.1662% of $5,513)
site review (0.1662% of $78,306)
realty taxes (0.1662% of 225,333.24)
I don't know how the following are calculate:
educational development charge
increased development charge
deposit administration fee
tarion warranty
LPIC
Hydro meter cost $145+GST (this price might change)
Status certificate $100