If you’ve recently purchased a condo, chances are you have been asked to join a condo association. What is a condo association exactly, and what makes it run smoothly? A condo association is a governing body that makes decisions about the operation of a condominium building. All condominium owners within a building are members of that building’s condo association.
The main role of a condo association is to make sure that all of its members are complying with the contractual obligations they agreed to follow when they bought their condo. These contractual obligations are known as covenants, conditions and restrictions (CC&Rs).
CC&Rs can include regulations about things such as pet ownership, parking spaces, and how the communal space of the building is to be treated. Local policies and bylaws dictate what kinds of things can be included in the CC&Rs.
Condo associations are also responsible for the physical and financial upkeep of a property, including:
- Rent and condo fee collection.
- Hiring and maintaining employees for grounds keeping and janitorial work.
- Dealing with electrical and plumbing issues.