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December 18, 2003 A condominium is like an apartment - but you own it. Your ownership extends inward from your interior walls, floors and ceilings. You own everything on the inside, but nothing on the outside - not the property, the foundation, exterior walls or roof. You and all the other unit owners share responsibility for these exterior structures, in addition to any common property like swimming pools, clubhouse, tennis courts and play areas. You're required to pay a monthly condo fee, which covers general repairs and maintenance to the common areas and normal maintenance of the grounds and snow removal. While exterior repairs and maintenance are the condo association's responsibility, you are responsible for the interior maintenance and repairs of your own unit. |
