Expenses for building and maintaining these amenities are typically shared
among condo owners, so you can enjoy these lux amenities at a very minimal cost.
A common misconception
among condo owners is that if the building is insured then they are protected from potential loss.
A master policy is one type of policy you likely have that is shared
among all condo owners of the complex.
Not exact matches
The value of the loss is assessed and may be divided
among all individual
condo unit
owners, or in the case of a co-op the tenants.