With more people than ever living in condominiums, mismanaged condo boards are becoming ever more prevalent. Is this a symbiotic relationship? Whether by corruption or incompetence, condo boards that mismanage their multi-million dollar budgets and reserve funds are a recurring problem. Legislation has now been enacted in an effort to rectify some of the problems which, at their core, were permitted by a failure to properly regulate the management and operation of condominium corporations’ board of directors. Read the article………………………..
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