What is a Fee Simple Condo in Ohio?

Clients often are confused on the differences between a traditional condo and a fee simple condo.  So what is a fee simple condo in Ohio?

fee simple condo

fee simple duplex in Worthington

A quick and dirty answer for homes in Ohio is that a fee simple condo owner owns the land under the condo, and a traditional condo owner just owns the interior space of the condo from drywall in, with the commons areas including parking lots, community rooms, and recreational areas are own by all residents.

To go a little deeper, a traditional condo owner is not responsible for any exterior maintenance, or exterior insurance because the condo association takes care of it, while a fee simple condo owner is typical responsible for all hazard insurance and outside repair/replacement.

Fee simple condos are a great way to have more control over your ownership, but can also be a hassle for owners who don’t want the maintenance and risk of a fee simple home.

 Shanna Lafontaine is a Realtor with RE/MAX Affiliates who works Metro Columbus, Dublin, Hilliard, Powell, Worthington, Westerville, Delaware and surrounding Central Ohio areas helping both Buyers and Sellers.

1 Comment

  1. Troubled

    My son lives in a condo in Dublin and his condo fee is $125 per month but he has a workout building with lots of equipment, a large pool and a bar and grill on location. Now my concern is that I’m looking at a condo in Hillard but there condo fee is $215 with no pool, no rec. center or bar and grill. Just a community building they call a clubhouse which is an empty building that can be used for occasions. There’s not enough mowing, bush clipping, snow removal and insurance that warrents this large monthly condo fee. I really like the place but even paying cash for the condo I will still have to pay $607 per month for condo fees and property tax without a pool or rec center this seems unfair to me but there is nothing I can do about it.

Leave a Reply

Your email address will not be published. Required fields are marked *

Shanna Lafontaine, LLC© 
RE/MAX Affiliates Inc. 7239 Sawmill Rd. Ste 210, Dublin, OH 43016

The information contained in this site is solely the individual opinions of its posters. Nothing in this site should be considered legal advice or implying any type of fiduciary duty between its creators, users and posters. All information published through this site is deemed reliable but it is not guaranteed.