Apartment Complexes

Apartment Complexes

If you own an apartment complex or belong to a condominium association, having adequate funds is necessary for building maintenance. Both apartments and condominiums have certain operational needs that must be followed through on.

Commercial building insurance is not designed to be used as a “fund” to repair building roofs that are not adequately maintained.  For apartments that use property management companies, be sure they are monitoring building maintenance and actually have a building repair checklist and procedures in place.

For condominiums, a condominium board is responsible for operating, maintaining, repairing and preserving the common property, which includes resident buildings.