Co-ops vs. Condos Explained: Pros, Cons, and Key Differences
Bay Property Management Group
AUGUST 6, 2025
They fund the common areas’, shared utilities’, building insurance’s, and amenities’ maintenance. They can deduct their property taxes and mortgage interest (if applicable) on their individual tax returns, similar to owning a single-family home. These fees might be pesky, but they serve a purpose.
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