So I am looking to buy a condo and I noticed some high maintenance fees of 711-880 a month. What it says is Maintenance Fee $ 711.21/month (includes real estate taxes, underlying mortgage, heat, hot water, gas)
What exactly is underlying mortgage? Does this mean I pay the 750 mortgage fee + the maintenance which means i’m paying a little over 1400 or am I paying less? I’m kind of lost. Please help.
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