Definition, Meaning & Synonyms

maintenance-fee

noun

/ˈmeɪn.tən.əns fiː/

Definition

A maintenance fee is a charge that is paid regularly to cover the costs associated with maintaining a property, service, or account.

Examples

Many homeowners association (HOA) charges a monthly maintenance fee for community upkeep.
The maintenance fee for the storage unit is due at the beginning of each month.
Investors should check the annual maintenance fee to understand the total cost of their investment.

Meaning

Typically associated with real estate, storage units, or investment accounts, this fee helps ensure that the necessary upkeep and management tasks are performed to preserve value and functionality.