Condominium Fee: Definition, How It Works, Pros and Cons
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Let me explain to you what is Fee Simple, HOA and/or Condo Association. A fee simple or fee simple absolute is an estate in land, a form of freehold ownership. A homeowner association (HOA) is an organization in a subdivision, planned community, or condominium building that makes and enforces rules for the properties and residents. Those who purchase property within an HOA's jurisdiction automatically become members and are required to pay dues, which are known as HOA fees. Condominium associati
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