Q:

What responsibilities does a condo board of directors have?

A:

Quick Answer

Members of the board of directors of a condominium community bear certain legal responsibilities, including complying with relevant state laws and their home owner's associations' governing documents. In addition to obeying the rules, directors must also enforce the rules without prejudice for all residents in the condo community.

Continue Reading
What responsibilities does a condo board of directors have?
Credit: knapjames iStock Getty Images

Full Answer

The condo board of directors ensures proper maintenance of common areas, including building exteriors, hallways and recreation areas. Condo owners must pay HOA fees, which the directors must manage and use according to established guidelines. The board of directors establishes a budget to cover expected expenditures, but it must also set aside funds to cover unexpected expenses.

Learn more about Real Estate

Related Questions

Explore