condominium associations

A condominium association is a governing body formed by the owners of condominium units within a building or complex. Its primary purpose is to manage and maintain shared areas and amenities, such as hallways, pools, and landscaping, ensuring the overall quality and upkeep of the property. Members pay monthly fees to cover these costs, as well as contributions to a reserve fund for future repairs. The association also establishes rules and regulations to enhance community living and protect property values. Each owner typically has a vote in important decisions, fostering a collaborative approach to management.