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It could be both.

In your community, the association office may be a facility in the same real estate category as the pool house or the open parking garage. As a facility it is identified in the reserve study, maintained with assessment dollars and owned by all owners. (Unless your governing documents define it otherwise.)

If the office is off-site, the office may be rented.

As a service, the association's business is conducted in the office space. The service collects assessments, pays bills, identifies and tracks maintenance issues, handles property management logistics and so forth.

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14y ago

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