Whats a regime?
Good question!! Locally we call our condominium associations regimes. The regime handles all the common property associated with a condominium, townhouse or villa. The obvious things like pool, landscape, and property maintenance are included. They are also responsible for common area liability and hazard insurance, common electricity, managing reserve funds, overall administration for the property owners, and collecting regime fees. Whats the difference between a Regime & a POA? If you bought a condominium in a private community you would in all likelihood have both regime and property owners association (POA) fees. If you buy a home, you would only have a POA fee. A property owners association is in charge of handling all of the common properties owned by the private community. The common properties are generally but not limited to: roads, open spaces, park areas, community centers, swimming pools, tennis courts, garden areas, nature preserves. They also might be in charge of handlin
