Home Buying in Tampa Palms>Question Details

Debbie, Home Buyer in Tampa, FL

HOA v. condo fee, same? or can there be both?

Asked by Debbie, Tampa, FL Fri Mar 25, 2011

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In regards to Tampa Palms and condominiums there are two fees. The Homeowners association fee for Tampa Palms is for the Master Plan Community which everyone living within Tampa Palms Subdivision must pay for the up keep and beautification of the Master Plan Community and extra ammenities if available like swimming pools, tennis courts, playgrounds, etc. The Condominium fee is your unit and property maintenance fee is for the actual condominium and covers exterior insurance, maintenance, water sewer trash, security to the complex, etc. Now Tampa Palms is a CDD community. Community Development Disctricts have an extra tax that is associated with the infrastructure of the community, roads, underground, sidewalks, lighting, schools, etc. If you would like to contact me I can get you better information which is more indepth about all the communities in the Tampa Bay area whether Pinellas, Pasco or Hillsborough County.
0 votes Thank Flag Link Sat Mar 26, 2011
An HOA or homeowners association usually refers to single family homes. Likewise a condo association usually refers to the condominium legal structure ans what you think of as condos. However, this is not always the case.
Web Reference: http://truesarasota.com
0 votes Thank Flag Link Fri Mar 25, 2011
HOA and condo fees are certainly similar. The difference is the style of ownership. HOAs are applied to fee simple ownership while Condo fees are applied to properties held as condo ownership. And yes, you can have both, particularly in large developments like Tampa Palms which has several different communities within the larger community. The individual community may have either an HOA or condo fee and then there is a master association. They all pay for different things.
0 votes Thank Flag Link Fri Mar 25, 2011
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