Q&A: What Is the Difference between a Homeowner’s Association and a Condo Corporation?

When you purchase a condominium, a townhouse, an apartment, or any kind of property in a planned development, you will have a big stake in maintaining and improving its surroundings. Of course, you will be sharing common areas like the swimming pool, parking lots, or even the subdivision gate with your co-owners and you will be obligated to join an organization to maintain its upkeep. Many first-time owners are not familiar to what this entails, so we will break it down for you. First, let us take a look at what homeowners association (HOA) and condominium corporations are all about.     Read the article…………..

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