What type of expenses do monthly common expenses generally cover?

Monthly common expenses typically cover shared costs for maintenance and services that benefit all owners and tenants within the condominium community. These expenses include items such as landscaping, snow removal, building repairs, common area utilities, management fees, insurance for the common elements, and amenities like swimming pools or gyms.

The nature of these expenses is that they are necessary for the upkeep and functionality of the shared living environment, ensuring that all residents enjoy a well-maintained property. Unlike individual owner costs or costs for interior renovations, which pertain to personal property or enhancements specific to one unit, common expenses are collective and contribute to the overall wellness and operation of the condominium as a whole.

External contractor fees might be part of the common expenses if they pertain to services required for shared areas, but they do not encompass the entirety of what common expenses cover. Rather, they are a component often included within the broader category of shared costs related to maintenance and services.