Serving on a condominium corporation board of directors can be an exciting job that imbues you with a sense of personal responsibility—after all, you're taking an interest in how the corporation fares while you're on the board—but it's important to be aware of potential conflicts of interest, and to handle them as openly and above board as possible.
Anyone who has had them knows: bed bugs are just the worst. They can spread rapidly and destroy people's property with ease. If you don't deal with them quickly, they're likely to become a plague.
It's essential to know the difference between condo insurance and unit insurance. It turns out that both are necessary for owners and condominium corporations to avoid incurring significant costs in the event that damages should occur.
In today's economy, everyone is looking to save money-and that includes your condominium corporation.
Common area maintenance charges, or CAM charges, are a routine aspect of commercial property maintenance and expenditure management.
While the adoption of a code of ethics is commonplace among condominium boards, many of the members who are asked to sign them may wonder whether it really makes a difference in their own behavior and actions, or in those of their fellow board members.
Condominium boards are comprised of residents who volunteer to take active responsibility for what happens within their community. However, many residents and even new board members are not exactly sure of what the board and its members and officers do. Typically, there are four officers and an odd number of board members whose responsibilities vary slightly.
Damage caused by water may easily become one of the biggest expenses you could face as a condominium owner.
Most condominium boards decide to hire a professional, licensed property manager or management company to help take care of day-to-day tasks. To avoid confusion and unnecessary frustration, it's important to understand what property managers' duties are and what they can be expected to handle.