The Fundamentals of Condo Living

This article emphasizes the importance of communication and teamwork between condo boards and property management companies to deliver the best experience for condo owners and residents. It discusses the role of property management companies as licensed providers of management services, responsible for day-to-day operations and providing guidance on fiduciary, regulatory, legal, and safety requirements. The property manager serves as the on-site representative of the property management team, advising the board on various responsibilities. The article highlights the need for property management companies due to the time-consuming and demand-driven nature of building management. Teamwork between the board and property management is crucial for smooth operations and a safe environment. Preserving building records, particularly engineering drawings and technical plans, is also emphasized for future planning.