One of the disadvantages of condominium ownership is that you surrender your control over many of the financial decisions related to home ownership. If you live in a detached home and the driveway needs to be resurfaced, you can decide to live with it temporarily and defer the work for a year or two. If the condominium parking lot needs to be resurfaced, most states have laws that require the condo board to have the work done immediately.
Ditto. Magnify that driveway repair by 1,000x and you get the idea.
And in such cases as repair and maintenance at the condo complex, wouldn’t the condominium board of directors or whoever’s in charge, be compelled to raise “taxes”, or whatever the proper term is for assessments on condo owners?