Condo associations
If a new condo development is less than 75% occupied, the developer typically serves as the association. After 75% occupancy, the association is made up of condo owners. The association is responsible for the management and finances of the condos, as well as overseeing what you can and can't do with your place (rent it, paint, plant a garden, etc.). It's wisest to phone or meet board members and ask to see their meeting minutes and bylaws before you make a decision. They set the tone for the development.
Condo fees
Condo fees for these properties range from $60 to $150/month. Be aware of what they include, as it will vary among developments. Generally, they include common-area maintenance, snow and trash removal, professional management, insurance and a reserve fund. Inclusions that might make them more expensive are: utilities, parking, water, shared buildings/facilities (a pool, for example), extra storage and pets.
Furry, feathered or scaled friends
It is common for condo associations to have some pet restrictions. Most frequently these refer to dogs in terms of breeds and weights, but there may also be limits on the number of pets allowed per condo unit.
