Who manages the day-to-day operations and decision-making in a condominium?

Prepare for the Ontario Condominium Management License Test with flashcards and multiple choice questions, each equipped with hints and explanations. Get ready for success!

The Board of Directors is responsible for managing the day-to-day operations and decision-making in a condominium. They are elected by the unit owners and serve to govern the corporation on behalf of the owners. This includes overseeing the management and operations of the condominium, implementing policies, and ensuring that the condominium's rules and regulations are enforced.

The Board acts in the best interest of the unit owners and is accountable for financial decisions, maintenance of common areas, and addressing issues that arise within the community. They typically work closely with a condominium manager, who handles the day-to-day tasks and operational responsibilities, but ultimate authority and oversight lie with the Board of Directors.

This distinction is critical in understanding the roles within a condominium setup, as the Board's authority and responsibility shape the overall governance and management of the property.

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