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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.
Check out HOA finances before buying condo. Thanks to the economic downturn, condominium prices are dropping across the country. But if the homeowners association is in the red, a condo that looks like a steal can quickly become a money pit, leaving buyers on the hook for a lot more than they had bargained.