In the United States, maintenance fees or taxes must be paid at 3.5, 7.5, and 11.5 years after issuance of a patent in order to maintain the patent in force.
Also referred to as common area expenses. Maintenance fees are a monthly charge (your share) for the utilities, regular upkeep, management, administration and insurance for the common element areas. The fees vary according to project and home size. Each homeowner's portion of these expenses is set out in the budget statement, which lists the percentage for which each unit is responsible.
In order to keep a patent from expiring, maintenance fees must be paid over the duration of the patent term. No fee is required for maintaining a design or plant patent, but owners of utility patents must pay to keep their patent from expiring.
are established and collected by the Homeowners Association or Resort Management Company to maintain the property, pay insurance, utilities, refurbishing and taxes.
Similar to a Condo Fee or assessment. Must be paid yearly whether or not the unit was used.
Payments made by the unit owner of a condominium to the homeowners' association for expenses incurred in the upkeep of the common areas.