Quote:
Originally Posted by baustgen
Bond pays for the streets and utilities. It goes away eventually. Usually 20 years after the house is built. Resale homes have a portion of the bond remaining unless a previous home owner has paid it ofv.
Maintenance bonds are funds used to maintain the roads and utilites. It never goes away. Roads need repairs.
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The maintenance fee is part of your yearly tax bill.it also pays for the flower plantings and other common area maintenance.