Condo Association Management Blog

Condo Rules - Who Approves Association Financial Decisions?

  

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Question:

I am the president of a condo association which consists of 4 stores in a strip mall.  Am I to understand that the association members elect the condo board and from that point forward the board members are the ones that vote on passing of condo budgets, condo dues, contracts, vendors etc.  If that is the case does the condo association have to make a motion to approve all items approved by the condo board? 

Or does the condo association only vote upon the addition or changing of the common elements.

I would appreciate any help you can give me I am receiving conflicting statements and I would just like to make sure I am doing things correctly.

Answers:

Generally speaking, the condo association board should have final voting approval over most financial and operational issues.  If voting approval is required by the condo association members for anything - it will be specified in the condo association bylaws. So it sounds like you or someone needs to take a look at the bylaws.