A condominium or condo offers buyers an opportunity to own a home without the sometimes costly maintenance responsibilities that come with a single-family detached house. Most condos are individual units in a mid-rise or high-rise building, similar to an apartment. The owner is only responsible for maintaining their unit, while a single-family detached homeowner must deal with everything on the exterior and the property the house sits on. Read on to find out more about the maintenance responsibilities of condo owners.
Quick Points on Condo Maintenance Responsibilities
Most condos are part of a Condo Owners Association (COA), which oversees maintenance of shared areas and enforces community rules.
COA Maintains:
- Common spaces like:
