Ask The Broker – Do You Really Own A Condo

Do You Really Own A Condo

Lakeside Units - Aerial Exterior view with Lake Whiteface in background

 

Yes! When you purchase a condo, you do own everything within the four walls of your condo. If there are monthly fees, they usually cover the maintenance of the full building as well as any amenities that are part of the HOA. If you see a Timeshare/ Interval property, you would only own a certain piece of the condo. An example of this would be listings at the Whiteface Lodge. These listings are generally 1/12 share of the property so you can use the unit 1 week every 12 weeks. These weeks are on a rotation, so everyone has the opportunity to have a holiday weeks.


Ask A Broker - Margie Information

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