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Who does what? Differences between Property Managers and Directors

Author: 
Pat Crosscombe
Publication date:
November 24, 2022
Article Summary: 

In her article, Pat Crosscombe clarifies the distinct roles of Condo Managers and Board Directors within condominium communities, aiming to dispel common misconceptions about their responsibilities. She emphasizes that while Condo Managers oversee day-to-day operations such as financial transactions, correspondence management, and resident interactions, they operate under the constraints set by the Board of Directors. Managers handle immediate issues and implement decisions but do not bear fiduciary responsibilities or make major financial decisions for the condo corporation.

In contrast, the Board of Directors acts as the governing body, akin to corporate executives in a company, responsible for setting prices, operational policies, and making pivotal decisions that shape the condo's direction. They have fiduciary duties to act in the best interests of the condo corporation, which includes reviewing options presented by the Manager and overseeing their implementation. Unlike Managers, Directors actively seek cost-saving opportunities and ensure compliance with legal obligations such as the Condo Act and community rules.

Crosscombe stresses that while a competent Condo Manager enhances operational efficiency and supports the Board's functions, they cannot substitute for the strategic decision-making role of Directors. By clearly delineating these roles, she aims to foster better understanding among condo owners about when to engage the Board versus the Manager, ensuring effective governance and management within condominium communities.

Keywords: 

Property Manager, Board of Directors, condo community, condo corporation, homeowners' association, major decisions, fiduciary responsibility, financial decisions, critical decisions, Condo Act.



Source Citation: 
Pat Crosscombe
Who does what? Differences between Property Managers and Directors
November 24, 2022
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