From the desk of Tim Arel:

Condos can make for a great low maintenance lifestyle, second home, or
investment property. One thing that is important to understand before you
make your purchase is the fees associated with owning the property. While
every condo is different, let's take a look at what condo HOA fees usually
include, so you have a better idea of what to expect when you make your
investment.

Tim Arel explains  HOA Fees?

To begin with, it is important to understand what HOA fees are in the first
place. A home owner's association is a group of local residents that work
together to plan neighborhood functions, amenity and communal space upkeep,
and amend and enforce condo rules in an effort to maintain the values of all
condos in the building. Condo owners are required to pay a portion of the
expenses associated with these actions in a monthly, quarterly, or yearly
fee.

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