Who is responsible for paying for major repairs to a condo complex?

Generally speaking, the responsibility for paying for major repairs or renovations to a condo complex in North Carolina lies with its owners. Owners typically have a responsibility to maintain the common areas of the property, which includes repairs, unless the condo governing documents (such as the covenants, conditions, and restrictions [CC&Rs] or rules and regulations) say otherwise. The cost of major repairs is usually paid through the condo association’s assessments. These assessments are usually paid on a regular basis (such as monthly or quarterly) and are divided among the unit owners. The assessments are often calculated based on the owner’s percentage of ownership in the complex. These assessments may also be used to pay for periodic maintenance that is needed to keep the common areas in good condition, such as painting or landscaping. Depending on the CC&Rs, the condo association may also be able to require a special assessment from the owners in order to pay for more costly repairs or renovations that are needed. In the event that a unit owner is responsible for making repairs or renovations to the common areas, the unit owner’s expense may be reimbursed from the condo association’s assessments. If the unit owner does not comply with the CC&Rs and fails to make the repairs or renovations, the condo association may be able to take legal action against the unit owner in order to ensure the repair or renovation is completed by another party.

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Who is responsible for paying for major repairs to a condo complex?

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