Attend Condo Board Meetings
These days, everyone is busy and it often seems like there are more things to do than time to do them in. One thing that seems to get pushed aside more often than not is participation in condominium board meetings and votes.
A condo-owning client of mine recently shared with me that fewer than 10% of owners at his condominium had attended a recent annual general meeting of the condominium board. Even with several owners sending their vote by proxy with attendees, there were not enough owners represented for the meeting to achieve a quorum.
This lack of participation forces the board to re-schedule the meeting and try again. This is inconvenient to the owners who attended but also costs all of the owners money to re-schedule and hold a second meeting, not to mention the delay in making important decisions about how to manage the condominium.
Condominium board meetings are the scene of important decision making that effects all of the owners in a condominium. These meetings address everything from the budget, to repairs, maintenance and upgrades to common property as well as dealing with any issues effecting the condominium owners.
Remember, when you buy into a condominium you’re purchasing the unit AND a part of the condominium corporation. These decisions affect you, both financially and by influencing the management of the home you live in. It’s worth your time to attend.
I'm committed to helping my clients buy, sell and enjoy their homes and I strive to provide an added level of value and service at every stage of the Real Estate transaction. 