Personal Finance An Integrated Planning Approach
As a Condominium Owner,you Get to Vote for the Directors
As a condominium owner,you get to vote for the directors of the condominium association.
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Condominium owners are usually assessed monthly maintenance fees to pay for the upkeep of the common areas.
The directors of the condominium association are chosen by the financial institution holding the mortgage on the common areas.
In cooperative housing,all of the housing units are commonly owned by the cooperative.
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