IREM Certified Property Manager (CPM) Practice Test 2025 - Free CPM Practice Questions and Study Guide

Under a "bare walls" policy, the condominium association is responsible for maintaining and repairing the structure's unfinished surfaces. This typically includes the walls, floors, and ceilings within the common areas of the building. In essence, the responsibility outlined in this policy indicates that the association has a duty to ensure that the structural elements that form part of the building are kept in good repair.

This arrangement contrasts with other responsibilities tenants or unit owners may have. For instance, unit owners are generally responsible for anything that lies within their units, including furniture and personal belongings, which would not fall under the association's remit in this situation. Additionally, maintenance of outdoor areas may be part of the association’s responsibilities but does not specifically relate to the "bare walls" aspect of the policy. Providing flood insurance for residents typically falls to the individual owners rather than the association, as insurance needs often vary from unit to unit.

Therefore, the association's role under a "bare walls" policy is primarily focused on the maintenance and repair of essential structural components, making the option regarding repairing the structure's unfinished surfaces correct.