Effective condo associations are run by a competent and decisive group of unit owners who are elected to seats on the board of directors. Much like a small town, the board of directors has the responsibility of managing the daily operations and upkeep of the condo community. It is their job to keep the needs of the greater community at the forefront of their decision-making.
What is the role of a condo association board member?
The number of elected members to the board varies by association and includes a president, vice president, secretary, and treasurer. Individually, each board member will have certain duties. For example, the president is charged with presiding over board meetings and serves in a similar capacity to a chief executive officer of an organization. The secretary will maintain thorough records and board minutes, and the treasurer is responsible for the association’s financial records.
Collectively, however, the board is responsible for many things. In short, they are responsible for the condo’s governance and property management. A few of their responsibilities include:
- Maintaining active participation in board meetings
- Enforcing the association’s by-laws and governance documents
- Ensuring insurance coverage for the property
- Responding to unit owners’ questions and concerns
- Responsibly managing fiscal policies
- Planning for the condo’s short- and long-term future
Serving as a condo association board member is an opportunity to impact the greater shared community, understand its history, and plan for its future, but it can feel overwhelming if you’re not well-versed on legal governance issues and responsibilities. That’s where we come in.
At Dania S. Fernandez & Associates, P.A., we have more than 20 years of experience serving condo associations throughout Miami and Fort Lauderdale. Call us today at 305-254-4492 to schedule a free consultation.