Monthly Insights

Board members are legally obligated to act in a trustworthy and responsible way on behalf of the condo community as a whole.  A board member's primary responsibility is to the entire condo association, not individual unit owners, even if their personal opinion differs. A condo board member’s fiduciary responsibility is to help the association succeed while adhering to the governing documents.

A resale transaction package, also known as a resale closing package or simply a resale package, is a collection of documents that provide information about a specific condominium unit or residence within a community, condominium or homeowner’s association at the time of a change in unit ownership. 

Elevators are complex systems of equipment providing essential service to associations and their members.  Association boards’ approach to elevator maintenance and management should ensure safe, efficient and cost-effective operation of this critical asset.