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HOA DUES
HOA dues, or assessments, are fees paid to the HOA regularly (usually monthly,
quarterly, or annually). They contribute to day-to-day operations, amenity upkeep,
and reserve funds. All residents are required to pay assessments, which might
be referred to as:
• Maintenance charges
• Condo fees
• Co-op dues
• Strata fees
• Common charges
When managed properly, HOA dues help maintain the community's value and
desirability while enhancing the overall living experience.
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