Q:

What is a condominium association?

A:

Quick Answer

A condominium association governs the policies of a condominium project, which is a jointly owned type of housing, typically attached, that is divided into individual units. Each owner is considered a member of the association.

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Full Answer

Owners of a condominium share a portion of the land along with any amenities, such as a swimming pool or a clubhouse. Each condominium association has a board of directors, with the members elected annually. Considered a legal entity, this group oversees the collection of dues for insurance and general maintenance. They are also tasked with enforcing pre-determined regulations, which may be restrictions about pets, overnight guests or outside decorations.

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