Ocean City Real Estate Blog

Ocean City MD Condo Fee

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Condominium Fees

Most of the Real Estate sold in Ocean City, MD is part of a Condominium Association. An Association is made of all the owners in the building and governed by the By-Laws and Declarations. The members of the Association vote on a Board of Directors; the Board of Directors are tasked to run the building as detailed in the By-Laws and Declarations. Associations can either manage the building, Self-Managed, or hire a third party, Management Company, to oversee the day to day operations. Part of the duties of the Board of Directors is to establish a Condo Fee that Covers...