HOA Apartment Buildings vs Condominiums

2 Replies

Having trouble understanding Apartment buildings vs condos? First question, if I own a commercial apartment building of 10units or so, who pays HOA dues? The Tenant or me as the building owner. In a condo, it is the owner obviously. My question is; is I own an apartment building of 10units, am I paying HOA for each unit? If HOA is $300/mo, I pay $3,000 monthly? But also, if I am the building owner, don’t I set the HOA amount in the first place? Doesn’t it depend how many amenities I have and such? Also, do apartment building even have HOA dues? Condominiums do, but apartment buildings? Now if the tenant pays for the HOA and there is a vacant unit that I own, is the HOA now my expense, since the unit is vacant? Probably basic knowledge questions, but need clarifications. Thanks everyone for any expertise and knowledge. Arthur Voskanyan

@Arthur Voskanyan   Apartment buildings are owned by a landlord and all amenities and common areas are paid for by the landlord.  They do not have HOAs.

With condos, each Condo unit is owned separately and the owners also own a partial interest in the common areas and amenities.  The common areas and amenities in condo developments are paid by dues.

While not extemely common, there are MULTI's that belong to HOA's. Only one I've considered purchasing the building owner paid the HOA.

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