Foundation
The structural base of a building that transfers its load to the ground. In condominiums and planned developments, the foundation is a common element maintained by the association. Foundation problems such as settling, cracking, or water intrusion can be extremely costly to repair and may require special assessments. Regular inspections are important for early detection of issues.
Frequently Asked Questions
Who is responsible for foundation repairs in a condominium?
The foundation is almost always a common element maintained by the association. Foundation repairs are typically funded from the reserve fund or, if the reserve fund is insufficient, through a special assessment. Individual homeowners are not responsible for foundation repairs unless the governing documents specifically assign that responsibility, which is extremely rare.