Which group is responsible for managing a condominium corporation?

The Board of Directors is responsible for managing a condominium corporation. This group is typically elected by unit owners and has the authority to make decisions on behalf of the condominium corporation. The responsibilities of the Board include overseeing the management of the property, establishing rules and regulations, managing the budget, and ensuring compliance with relevant laws and regulations.

Unit Owners have a role in the governance of the condominium through their voting rights, but they do not manage the day-to-day operations. The Condominium Corporation is a legal entity that represents all unit owners collectively, but it is the Board of Directors that handles the operational aspects. Common Expenses refer to the costs associated with maintaining shared facilities, and while they are a significant part of the financial responsibilities of the Board, they do not constitute a governance body like the Board itself.