'Regime fees' are also known as Homeowner Association Fees or Property Owners Association Fees. Although the terms "HOA" and "condo association fees" are more widely used, “regime fee” is a common term in southern states, and more specifically here in South Carolina.
The regime fee often includes building insurance, board insurance, flood insurance, wind & hail insurance, structural maintenance, and upkeep of the common areas inside and out, including any amenities owned by the condo complex (i.e., the pool, the exercise facility, the meeting room) , interior and exterior pest control for the common areas, as well as garbage pickup. The regime is usually a combination of two payments - one payment is added to the RESERVE which holds monies for future repairs and major expenses. The remainder portion is considered the BUDGET ITEMS payment that helps pay for the ongoing maintenance needed throughout the year. Homeowners vote on the Budget each year in deciding how much daily maintenance they want to share with each other. In some cases the insurance payments which should be bid out annually, are a separate item because they tend to fluctuate with the annual bidding.
Regime fees at Tides are based on the square footage of each condo.