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Who does what? Differences between Property Managers and Directors

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

The Property Manager is responsible for the day-to-day running of a condo corporation or homeowners' association, while the Board of Directors makes major decisions regarding the direction of the company. The Property Manager interacts with owners more frequently than the Board does, manages bank accounts, handles checks, and field correspondence. The Board of Directors sets prices, operating procedures, and makes decisions that shape the direction of the company, ensuring that all relevant documents are accessible by owners.

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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