A condominium board is responsible for the physical and financial well-being of the condominium corporation. They manage the day-to-day responsibilities, maintenance and repair of assets, and fiscal responsibilities of the corporation.
Condo boards will hire a property management company to handle the daily operations of the corporation. This can lighten the load for busy board members, but the board of directors retains decision-making power and responsibility.
Boards do not represent themselves nor the management: They represent owners and should be accountable to them.
Board members are responsible for ensuring the corporation – as well as its financial assets – are secure and well managed on behalf of all owners, future owners and residents.
Why become a Board Member?
Being a member of your condo board requires a high level of commitment for a volunteer position. Members must be self directed, diligent, and honest.
You get to take an active role in how your community is managed. This gives you a turn to address problems that have been bothering you in your community, and to have a direct say in how those problems get resolved.
What a board member does:
1. Preserve the integrity of the condo building
2. Improve the corporation’s financial health
3. Give a voice to owners who feel underserved
4. Change the rules
5. Build a deeper connection with your condo community
You will learn new things about finances, maintenance, and human connections. You’ll get to see all of the parts that keep a condo corporation in good working order, and you’ll get the opportunity to make a difference for your community.
For over 20 years, Huron Shores Property Management has specialized in managing condominium complexes across Southwestern Ontario from Windsor to London.
Looking to hire a professional condominium management company in Windsor Essex? Contact us for a no obligation consultation meeting today.