What's Covered
by
Home Owner Association (HOA) Dues
Q. Can you
list the items that are typically covered by HOA fees
in a condo hotel?
A. Of course, every condo hotel is
a little bit different, but generally the monthly
HOA fees, or Home Owner Association dues include the
following:
- Electricity, water, gas, sewer,
and air conditioning for individual condo hotel
unit
- Electricity, water, gas and sewer
for common areas
- Building reserves to maintain
the common areas
- Landscaping and grounds keeping
- Insurance coverage for common
areas
- Property security
- Pest control
- Fire alarm/sprinkler systems maintenance
- Parking use fee and maintenance
- Window washing
- Pool area maintenance
- Budget and owner management and
administrative services
The above question was submitted
via e-mail by a visitor to www.condohotelcenter.com.
The answer was prepared by Joel Greene, a licensed
real estate broker with Condo Hotel Center which specializes
in the sale of condo hotel units and fractional ownerships
in private residence clubs.
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