Sometimes they do, and sometimes they don't. Basement wall cracks are covered when, if you read your condo documents it states that they are responsible for the foundation walls. There are also situations where it is not stated in the documents. Then the decision goes to the association to decide.
Basement wall cracks are not covered when, in the condo documents, it states that the basement foundation is not covered, or when the association decides not to cover the crack when the foundation is not mentioned at all in the documents.
However, for new condominium buyers, when a foundation is less than a year old, a leaking basement is covered because a builder has to give you a dry basement for at least a year.
Our best advice for those asking this question about covering basement cracks being covered by the condo association is to read the documents. If you have a basement leak, and the foundation is not mentioned in the documents, talk to the association, they may cover it.
For more information, contact A1 Foundation Crack Repair.