FAQ
Curious about condominium property management or have questions as an owner, investor, or board member? Our frequently asked questions may provide the answers you need. If not, feel free to contact us directly. We’re happy to help.
1
How Does Condominium Ownership Work?
As a condominium owner, you own your individual unit, along with a shared ownership of the common elements of the building. Common elements are areas used by all residents, such as lobbies, parking garages, and elevators. Some areas, like balconies, may be designated for the exclusive use of individual owners. It is essential to refer to your condo’s declaration to fully understand what areas are classified as common elements in your building.
2
What Are My Responsibilities as a Condominium Owner?
As a condominium owner, your primary responsibilities include:
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Compliance: You must follow the condo’s governing documents, including the declaration, by-laws, and rules.
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Common Expenses: You are required to contribute to the common expenses, which cover the maintenance, repair, and upkeep of shared spaces and facilities within the condominium.
3
What is the Role of the Condominium Board of Directors?
The Board of Directors is responsible for overseeing the management of the condominium corporation and making key decisions on behalf of all owners. Their role includes:
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Hiring Management: The board hires a condominium manager or a management company to handle the day-to-day operations of the building.
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Operational Oversight: They oversee financial matters and decisions related to the maintenance and improvement of the property.
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Providing Direction: The board gives clear direction to the condominium manager regarding both operational and financial decisions that impact the community.
4
What is the Role of the Condominium Manager?
A condominium manager is responsible for the day-to-day operations of the condominium community, which includes:
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Overseeing Operations: The manager handles routine tasks such as maintenance, resident communication, and addressing emergency situations.
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Reporting to the Board: The manager reports directly to the Board of Directors and works to carry out the board’s decisions regarding operational and financial matters.
1
What is the Role of Condominium Residents?
As a condominium resident, your responsibilities are crucial to maintaining a harmonious living environment:
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Compliance: You are required to follow the condominium’s governing documents, including the declaration, by-laws, and rules.
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Payment of Common Expenses: As an owner, you are responsible for paying a fair share of the common expenses, which contribute to the maintenance and upkeep of shared areas and the overall operation of the condominium.
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Service Name
This is your Services Page. It's a great opportunity to provide information about the services you provide. Double click on the text box to start editing your content and make sure to add all the relevant details you want to share with site visitors.
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Service Name
This is your Services Page. It's a great opportunity to provide information about the services you provide. Double click on the text box to start editing your content and make sure to add all the relevant details you want to share with site visitors.
