Frequently Asked Questions

 Condominium management involves overseeing the day-to-day operations and maintenance of a condominium property. This includes financial management, property upkeep, and ensuring compliance with relevant laws and regulations.

 Condominium management companies typically provide services such as financial management, property maintenance, vendor management, enforcing rules and regulations, organizing meetings, and handling resident communications.

Common expenses in a condominium are typically calculated based on the unit's share of the common elements. This share is determined by the size or value of the unit relative to the entire condominium.  

The condo board is responsible for making key decisions related to the condominium, including budget approval, rule enforcement, and the hiring of management services. Board members are elected by condo owners.

Add an answer to this item.  Property maintenance and repairs are typically managed by the condominium management company. They may hire contractors, schedule routine maintenance, and address repairs as needed, ensuring the property is well-maintained.

Financial management involves budgeting, collecting condo fees, paying bills, and managing the reserve fund. A transparent financial report is often presented to condo owners regularly.

Yes, residents can participate in decision-making through condo association meetings. They may have the opportunity to vote on important matters and provide input on community policies.

Disputes are typically resolved through the condo's established dispute resolution process. This may involve mediation or arbitration, depending on the nature and severity of the dispute. 

A reserve fund is set aside to cover major repairs, replacements, or unexpected expenses. It ensures that the condominium has the financial resources to address significant issues without imposing a sudden financial burden on owners. 

Residents can stay informed through regular communication channels established by the condominium management, such as newsletters, emails, community meetings, and online platforms.