What is a condo corporation, and why should I care?

In this blog post, the author discusses what a condo corporation is and why it is important for condo buyers and owners to understand it. A condo corporation is a legal entity that manages and operates a condominium complex on behalf of its owners. The corporation is responsible for maintaining common areas, enforcing rules and regulations, and making decisions that affect the building and its residents. The blog post highlights the importance of understanding the condo corporation's bylaws, financial statements, reserve fund, and board of directors to ensure a well-run and financially healthy condo community. The author also emphasizes the need to participate in the condo corporation's decision-making process, such as attending meetings and voting for board members.