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If your realtor hasnât mentioned these important issues, you need to dig a little deeper on your own. #1. AOAO fees (aka maintenance fees or HOA fees). In Hawaii, every condominium development is required to have an AOAO (Association of Apartment Owners).The association is comprised of the condo owners who are responsible for running and maintaining the condominium complex.n Hawaii, every condominium development is required to have an AOAO (Association of Apartment Owners). The association is comprised of the condo owners who are responsible for running and maintaining the condominium complex.
In the purchase of a condo you would want to know if the condo association is in litigation or being sued by someone. You would need to request a copy of the CCR's and by-laws as well as the financial reports of the association. Speak with several individuals in the condo would be invaluable.t can cost you large amounts of money. The way it works is this: Condo Associations, by law, cannot borrow money. If they have a big expense which they cannot pay for...the have a special assessment. They send a LARGE bill to every owner..they owner must pay it.