this post was submitted on 07 Aug 2024
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[–] nyahlathotep@sh.itjust.works 13 points 3 months ago (1 children)

afaik it's essentially an apartment but you own your domicile, and have a stake in the building as a whole along with the other "tenants" who are also co-owners.

[–] Cort@lemmy.world 7 points 3 months ago (1 children)

And in addition to the mortgage there's usually a monthly condo/HOA fee to pay for upkeep of common areas and roofs etc

[–] driving_crooner@lemmy.eco.br 1 points 3 months ago

Where do ypu don't pay HOA feed while renting?