Do You Have A Responsibility Matrix And Is It Up To Date (MI)

Boards and managers are always looking for ways to make the administration of their condominiums more efficient. Having to sort through the Master Deed (and multiple amendments too!) to figure out whether the association or co-owner is responsible for a certain common element can be time-consuming and, occasionally, confusing. To help simplify the process of determining who is responsible for what, some condominiums have elected to prepare a responsibility matrix or maintenance matrix (“matrix”). A matrix acts like a condensed cheat sheet to simplify maintenance, repair and replacement responsibilities for the benefit of directors, managers and co-owners alike.    Read the article…………………………………