| While both HOAs and condo associations manage communities, their structures and legal responsibilities differ. 1. Ownership Differences - HOA: Owners typically own their lot and the home on it. - Condo: Owners own their unit's interior, with common areas jointly owned. 2. Governing Laws - HOAs: Governed by Chapter 720, Florida Statutes. - Condos: Governed by Chapter 718, Florida Statutes. 3. Maintenance Responsibilities HOAs often maintain common areas, while condos may manage building exteriors, roofs, and shared amenities. 4. Financial Structure Condo fees are often higher due to shared building maintenance. Conclusion Knowing the differences helps board members manage effectively. **Contact us to manage your HOA or condo association with confidence.** |
