Why Would I Need This Kit?
An association’s Board of Directors is not simply a group of neighbors getting together to make decisions about their condos in a social setting. Rather, it is a legal entity that is guided by the by-laws and other governing rules and regulations. Failure to meet any of these obligations has serious implications, as lawsuits are not uncommon in condo associations, particularly if poorly run or neglected.
When you accepted the President position you took on the leadership responsibility for a company. As such, you will operate in an environment with unique business, legal, and social aspects. Unfortunately, many people that come to this position have limited business experience in these matters and they try to lead as they would manage their personal affairs. This is a big mistake!
Through the use of sound business practices and proven techniques, the material presented in this start-up kit helps you fulfill that leadership responsibility for running the “business” of your new condo association.