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 Years ago, the insurance sold for condos was an HO3, if
Posted by Susan Fischer on 6/21/12 8:11pm

memory serves. Anyway, bottom line, the buyer purchased a unit from the "paint in." Even the common walls were community property - hence the need for HOA fees. Everyone in the common-community contributes to the structural maintenance, common-areas, and appropriate insurances for the safety, liability, security of the owners, plus the responsibilities of local impacts on the larger community as to public services, local residential challenges (flooding, etc.) and compliances.

Townhomes seem a horse of a different color, but I'm old.
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