A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in the United Kingdom receive a fee in contradistinction to a payment, salary, or wage, and often use guineas rather than pounds as units of account.

What is a maintenance fee charge?

Condo maintenance fees are a monthly expense which all condo unit owners pay. It's a shared pool of money that helps the building pay for expenses throughout the year. ... Keep in mind that fees can also change each year, usually increasing as the building ages due to the additional upkeep needed to maintain the structure.

Why am I being charged a maintenance fee?

A monthly maintenance fee is a fee charged by a financial institution to a customer if certain requirements aren't met. ... These fees are charged by banks to help “maintain” your account, kind of like a service fee.