The first year of a condominium corporation is a big one. In addition to dealing with ongoing construction work, construction deficiencies and perhaps budgetary issues, the board of directors has to take important decisions in terms of management of the building and has to set the tone with the owners and residents. Depending on how the developer/declarant left things after the turn-over meeting, there may be a lot of work to be done for the newly elected board of directors. The following is a short list of some of the issues board members should be working on during the first year of a condominium corporation. Read the article……………
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