asked 91.2k views
2 votes
In a condominium building, what pays for the exterior maintenance, insurance and payroll for building personnel, and interior maintenance, trash pick-up, landscaping and snow removal, and building insurance?

asked
User Manmohan
by
8.7k points

1 Answer

2 votes

In a condominium building, the expenses for exterior and interior maintenance, insurance, payroll for building personnel, trash pick-up, landscaping, and snow removal, as well as building insurance, are typically paid by the homeowners association (HOA) or the condo association through monthly or annual homeowners association fees or condo association fees.

In a condominium building, the expenses for exterior maintenance, insurance, payroll for building personnel, interior maintenance, trash pick-up, landscaping, snow removal, and building insurance are typically paid by the homeowners association (HOA) or the condo association.

This payment is made through monthly or annual fees called homeowners association fees or condo association fees.

These fees are collected from each unit owner and are used to cover the costs of managing and maintaining the common areas and shared amenities of the condominium building.

answered
User CrisisGriega
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.