Real Estate Terms

 

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Home Owner's Dues

Q:
What are Home Owner's Dues?
 
A:
Condos, Townhouses, or houses built in planed developments may share common areas or facilities like pools, tennis courts, recreation centers, etc. Each home in the development will pay Home Owner’s Dues which is a monthly premium to maintain the common areas and facilities. The owner’s get together and elect members to the “Home Owner’s Board” and vote on various items including the premium amount required to maintain the common areas.
 

 

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