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Since we have a Management Company which handles all matters regarding the Condo Association could our community function without a Board of Directors?
Wiki User
∙ 14y ago
Technically, it's possible for a property management company to handle the day-to-day operations of a condo community. However, it's generally required by law and the condo's governing documents to have a Board of Directors. The board serves a vital role in governing the community, making major decisions, and maintaining the welfare of all residents which typically includes budget approvals, rule enforcement and ensuring legal compliance.
Management companies, Daisy, are generally contracted by the board to manage daily operations based on the decisions and guidelines set by the board. Daisy, for example, employs excellent technology and a professional, connected team to improve the property management process but we firmly believe that a local board offers important insight and decision-making abilities critical to the unique needs of each community. So, while it's theoretically possible for a community to function without a board, it wouldn't be recommended, or legal in most instances.
Kelvine Ferrer (Kell...
No, a Board of Directors is typically required to make important decisions and represent the community's interests. The Management Company oversees day-to-day operations, while the Board sets policies, approves budgets, and makes strategic decisions. Both work together to ensure the smooth functioning of the community.
Wiki User
∙ 14y agoNo. The management company implements policy. It is the Board of Directors, responsive to the will of the members, that sets policy.
It's the difference between the butler and the homeowner!
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