I own a condo overseas, the HOA is calculated on the value of the apartment. I own another in Florida, the HOA fees is per unit with studios paying the same as two bedroom apartments. Seems to me 2 bedroom condos use more common resources and should pay more? Am I looking at this incorrectly?
It depends on what the HOA covers. If you have access to the same amenities then I don't see why it would matter how big your unit is.
There is no standard. Every HOA can be set up however it wants.
Gotta read the docs. Can be anything.
How ownership and dues are decided is up to the governing docs. In some cases the percentage of ownership can be higher if a unit has a better view even if the size and layout is the same. Having the same dues for a two bedroom as a studio is unusual though, does the HOA provide water?
Yes, it does provide water.
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