Thursday, November 1, 2007

Condominium Association Management

At a minimum, the following should be included:

Develop declaration of covenants, bylaws, rules and regulations, operational procedures and provide ongoing advice to Board members relating to
Prepare, distribute and maintain all association documents and records, including monthly financial and association management reports
Attend monthly Board meetings (frequency as determined by the Board)
Prepare, provide and maintain monthly association meeting minutes
Provide management report newsletter or maintain association website and provide notices, newsletters and other communication to association members on behalf of the Board
Attend annual Board/membership meetings, presenting annual financial and overall association management reports
Manage Board of Director elections and provide guidance and training to new Board members annually
Manage appropriate insurance coverage for the association, maintain insurance records, and, with the Board, investigate and report as appropriate all claims relating to the ownership, operation and maintenance of common areas
Provide to new association members a welcome packet that includes up-to-date association information, by-laws, rules and regulations, list of vendors, etc.
Provide association documents to unit owners who are selling or refinancing