Building Better Leases Series – Rent: Association Fees

Building Better Leases

Association Fees are used to maintain common areas of the Premises.

The purpose of Association Fees is to require tenants to help cover the Landlord’s direct expenses for “common areas”. Common areas can include both internal (hallways, elevators, lobbies, public bathrooms, etc.) and external expenses (parking lots, landscaping, etc.).

Not all Landlords will require tenants to help with expenses like parking lot maintenance, structural repairs, and roofing. In order to better understand their total monthly leasing costs, the Lessee should request a copy of the most recent invoice for the association fees from the Lessor.