What is a condo association?
The condo association is the governing body of the condo project. The members of the association are the condo unit owners. The members elect a Board of Directors to oversee the management and operations of the condo, hold an annual meeting to elect officers, vote on proposed changes to the By-Laws and any other significant issues. What is a ‘Master Association’? When more than one condo association shares certain amenities (pool, tennis courts, clubhouse, etc.), the amenities may be owned and managed by a separate master or “umbrella” association. Each condo association or units owner pays a pro-rata share of the operating costs of the master association. This cover things like maintenance, utilities, real estate taxes, staff, etc. What are the advantages of condo living? Condo living gives residents a more carefree lifestyle. The condo association takes care of time consuming chores like mowing the lawn, landscaping, snow removal, roof repair, plumbing, electrical problems, capital i
