Condominiums are buildings in which individuals separately own the air space and structures inside their unit as well as the surfaces of floors, walls, and ceilings, but they jointly own an interest in the common areas that they share such as the elevators, hallways, dividing and outer walls, swimming pool and parking lot. Maintenance of these areas and allocation of funds becomes the responsibility of a condominium association, also known as a unit owners' association. The association is run by a Board of Directors consisting, at a minimum, of a President, Secretary and Treasurer.
The Board Members are elected by the unit owners of the condominium building and serve a maximum term of two years. There is no legal limit however to the number of terms that a Board Member may serve . The Board members are responsible for the operation of the association and since condo owners will be affected by board decisions, active participation in meetings and discussions is important and beneficial to each unit owner.
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