Who pays the property taxes for a condominium unit in Florida?
If Florida is like most other states, a condominium unit owner pays property taxes for the unit.
Is the roof over a single unit in a multiple unit condominium considered common property?
Read your governing documents to determine the line that separates what you own as a unit owner -- individually -- and what you own in common with all other owners. This may include limited common ...
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Who pays for property insurance in a condominium?
In a condominium usually the board pays for property insurance on all common areas. An individual owner pays for 4 walls, the ceiling, the floor, the inside of the door, and everything in between.
Is condominium unit considered real property?
Yes. You can obtain a mortgage on a condominium unit, you can dictate its disposal in your Last Will and Testament, and you can deduct its property taxes on your tax returns.