What is the governing body that oversees condominium management decisions?

The Board of Directors serves as the governing body that oversees condominium management decisions. This group is typically composed of owners within the condominium corporation who have been elected to represent the interests of all unit owners. Their primary responsibilities include establishing policies, making financial decisions, and ensuring that the condo operates in accordance with relevant laws and regulations.

The Board is integral in setting budgets, managing reserves, and hiring property management firms or staff, thereby ensuring the effective operation and upkeep of the condominium. They act on behalf of the ownership collective to make decisions that may impact the community as a whole, making their role essential in the condominium governance structure.

Other roles, such as condominium managers, may facilitate day-to-day operations and maintenance but do not hold the same level of authority or responsibility for broad management decisions. Trades refer to the skilled workers brought in for repairs and maintenance and do not have a governance role, while tenants may voice their concerns and preferences but lack decision-making authority in the property management context.