Condo Fact of the day.....A
condominium association is often elected to handle repairs and administrative
work related to the common areas.
Normally, each unit owner pays fees for common maintenance.
The association holds an insurance policy covering the jointly owned areas,
while individual owners carry insurance for the interior components of their
units.
A single family home conveys with
all the land around it and gives total control of its (legal) use to its owner.
Condos, however, can only be possessed from the outside of the inside walls and
anything beyond that is controlled by what is supposedly a democratic rule of
all of the owners of the complex. In other words, no, you may not paint the
front door in purple and green stripes or chop down the messy willow in “your”
front yard.