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A condominium living space is part of a condominium association, which is a business.

The condominium association handles the preservation, maintenance and protection of all the real estate assets owned in common, which you also buy when you buy a condominium living space.


Monthly assessments cover items such as master insurance policy premiums, reserves contributions -- so that common elements can be replaced at the end of their useful lives (think roofs, windows, paint, etc.).


Without assessments, each owner would be responsible to pay for their own landscape maintenance, sewer, water and garbage utilities, employee payrolls, liability insurance and so forth.


When buying a condominium review the monthly assessment amount being published, and confirm that indeed that amount covers all the items in the budget that by law, must be covered by assessments.


Not including assessments in the purchase scenario makes no sense.

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Q: Buying a Condo is it better when assessements are included or not?
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