What term describes costs that are shared among condominium unit owners?

The term "Common Expense Fees" is used to specifically refer to the costs that are shared among condominium unit owners. These fees cover the expenses related to the maintenance, repair, and operation of the shared components and facilities of the condominium, such as landscaping, security, utilities, and any insurance premiums for common areas. Each unit owner contributes to these fees in proportion to their ownership share, ensuring that all owners participate in supporting the overall management and upkeep of the condominium community.

While "Common Funds," "Joint Expenses," and "Association Dues" might seem relevant, they are often used in different contexts or might imply certain nuances that don't directly address the shared financial obligations of unit owners in a condominium setting. Common Funds can refer to the actual pool of money set aside for communal expenses but does not specify the individual contributions. Joint Expenses may encompass costs shared outside of the condominium context. Association Dues can be associated with membership fees to a homeowner's association, which may not necessarily align with the specific fees tied to condominium common expenses. Therefore, Common Expense Fees is the precise term that encapsulates the shared financial responsibilities among condominium owners.