Are Roofing Expenses Covered By Association Fees?
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Written By
Punum Roofing of Houston, Inc.
The maintenance and repair of common areas and major parts of a condominium building are typically a shared responsibility among the condo owners and dwellers. However, it can still be tricky to know when you need to pay out of pocket or rely on collected association fees to cover for such expenses.
Association Fees and Roofing Costs
When it comes to roof repairs, it highly depends on your association rules whether repair costs would be covered by your dues or not. That said, if your association has the responsibility to pay for the entirety of the building’s roof maintenance, it usually means that such expenses are already accounted for in the budget. Furthermore, association fees are typically used to create reserves for unexpected expenses like emergency repairs. If the fund isn’t enough to cover the costs, you may be asked to pay higher dues in order to cover the repair.
Read the Fine Print
Much like when you’re hiring a roofing contractor, make sure that you have a good understanding of your contract with the condominium developer. Check the association rules before purchasing or leasing so that you can avoid surprises, particularly with regards to who’s responsible for maintenance and repairs, and the costs involved.
One of the most important sections of the contract that you should check is the covenants, conditions and restrictions (CC&Rs), which discusses the condo association rules. It might be best to review these documents with a lawyer, especially if there are terms that aren’t familiar to you.
If you need a professional roofer with keen attention to detail, Punum Roofing of Houston, Inc. is the best roofing company for your project. Our expertise covers roof replacement, roof maintenance, new construction and more. Call us at (713) 466-4447
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