In addition to charging regular monthly fees, a condominium's board of directors may occasionally make the decision to levy a special assessment.
In addition to charging regular monthly fees, a condominium's board of directors may occasionally make the decision to levy a special assessment.
Boards of directors for condominium corporations are made up of volunteers-ordinary residents who are often encountering board membership for the first time.
Involvement in your community's Condominium Corporation is a rewarding way to stay active in and support the standards of your development.
One of the most important duties a condominium corporation executes is collecting and allocating common element (Condo) fees.
Meetings are probably not your favorite thing. You do enough of them at work, so do you really want to do them when you come home, too?
The end of the fiscal year means it's time for condominium corporations to pass a budget for the next year.