HOA Apartment Buildings vs Condominiums
Having trouble understanding Apartment buildings vs condos?
First question, if I own a commercial apartment building of 10units or so, who pays HOA dues? The Tenant or me as the building owner. In a condo, it is the owner obviously. My question is; is I own an apartment building of 10units, am I paying HOA for each unit? If HOA is $300/mo, I pay $3,000 monthly? But also, if I am the building owner, don’t I set the HOA amount in the first place? Doesn’t it depend how many amenities I have and such? Also, do apartment building even have HOA dues? Condominiums do, but apartment buildings? Now if the tenant pays for the HOA and there is a vacant unit that I own, is the HOA now my expense, since the unit is vacant?
Probably basic knowledge questions, but need clarifications.
Thanks everyone for any expertise and knowledge.
Arthur Voskanyan