Different condominium associations break down fees in different ways. Most common way is to include the common area (building exterior, grounds, amenities) insurance in the monthly fee breakdown. Some associations, however, divide up fees and assessments differently. For example, some associations may levy an annual assessment to cover the insurance costs, since insurance can vary from year to year. This assessment can be paid in full, or it is often broken into parts. A Master assessment applies to certain complexes that may have more than 1 tower and that share amenities - The Beach Club is one example.
When I work with condo buyers, these are factors that I work in as we prepare our condo comparison sheet. I will be happy to provide specific fees for specific buildings. Just email or call me any time - 251-609-9994.