Annual subscription or membership is quite similar. It means the amount payable every year by any member, other than honorary, life or temporary members.
An annual membership is like a yearly charge/fee. It is an annual subscription that is payable by members of any organization, society, club, and association.
Annual memberships are par for the course in the real estate sector. There is the home-owner’s association membership fee, or the annual fees paid for club membership at any real estate project. There is membership fees payable for housing societies throughout real estate projects and townships.
