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What to Expect From Condo Association Property Managers


Question:

If the condo association decides to hire a condo association property manager or a condo management company - a good idea for all but the smallest condo associations - the condo board should make that selection as soon as possible after the developer transition. The expertise an experienced condo manager provides can be invaluable in the early days when the new condo board is learning the condo association ruels and ropes and taking over the operations of the condo association.

Condo associations will often choose to retain the condo management company hired by the developer. The company' s knowledge of the condo association may be an advantage, helping with both continuity and the education of condo board members. However, if the condo developer's management company hired stays on, it is important that the condo board renegotiate the condo management contract to clearly define the condo manager's role, to ensure that the condo manager understands the condo association's expectations, and to ensure that the condo association receives the services it needs. It is also important for the condo board and the manager to discuss the manager's relationship with the developer; the condo board should ask specifically what the manger's position would be if the condo association were to become involved in litigation with the condo developer.

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