Who is responsible for paying for repairs to shared areas in a condo complex?

In South Carolina, owners of units in a condo complex are responsible for paying for repairs to shared areas. The cost of these repairs is typically divided among the owners and paid through their monthly homeowners’ association (HOA) dues. Under South Carolina’s Condo Act, the HOA collects monthly dues from the condo owners and is responsible for the maintenance, repair and replacement of common areas. These common areas may include the grounds, parking lots, recreational areas, driveways, and other areas that are shared by all condo owners. The HOA is also responsible for major repairs to the exterior of the building, such as roof repairs and painting. In order to pay for these repairs, the HOA must budget for them and collect the funds from the condo owners. Depending on the size of the repair, the HOA may also hold a special assessment from the owners, which is a one-time payment to cover the cost of a specific repair. In some cases, the HOA may take out a loan to cover the cost of a major repair. Ultimately, all the costs for repairs to shared areas in a condo complex are split between the condo owners and paid through their HOA dues. It is important for owners to pay attention to their HOA dues and understand what they are being used for in order to make sure the shared areas of their condo complex are well maintained.

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Who is responsible for paying for repairs to shared areas in a condo complex?

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