One of the best ways to protect your Condominium Investment is to join the Board of Directors. This position is often overlooked and is of extreme importance. The Condominium Manager takes direction from the Board. Condos have different declarations, rules etc. Generally Boards set the budget which is ratified at a AGM meeting. Unit owners are often not aware of the power a Board has and how much discretion they use.

Often Boards  seem to have experience however they can lack common sense. I  have seen Boards spend money on ” flower bed Maintenance ,  (more…)