Which of the following is considered a material fact?

Monthly maintenance fees for a condominium are considered a material fact because they directly affect the financial obligations of a potential buyer or tenant. These fees impact the overall cost of living in the condominium and can influence a buyer's affordability and willingness to purchase a property. In real estate transactions, material facts are those that would significantly affect a buyer's decision-making process.

The average temperature of the area might be of interest to potential buyers, but it is not related to the financial or structural integrity of the property itself. The decorating style of the previous owner is a subjective aspect that does not impact the value or functionality of the property. Similarly, while the location of nearby schools can be important for families, it is not a financial factor related to the property's upkeep or management. Thus, when it comes to material facts that should be disclosed in a real estate transaction, the monthly maintenance fees stand out as providing critical information affecting the buyer's decision.