Maintenance
These are fees assessed to co-op owners for the upkeep of a building. The amount paid depends on the size of the apartment they own.
Managing agent
A company that professionally manages the upkeep and maintenance of a building.
Market value
This is an estimate of a property’s price depending on a number of factors, including market conditions, the condition of the property and size.
Mortgage
This is a loan used to buy property.
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