Who has the governing authority in a condominium development?

The Board of Directors holds the governing authority in a condominium development. This body is responsible for making critical decisions about the management and operation of the condominium, including enforcing rules and regulations, managing finances, and overseeing maintenance of common areas and facilities. The Board typically consists of elected members who represent the interests of the condo owners, ensuring that the community runs smoothly and in accordance with the governing documents, such as the bylaws and declaration of condominium.

This structure is designed to empower the community of owners while providing a framework for collective decision-making. Managing brokers and general managers may assist in the day-to-day operations but do not possess the same level of authority as the Board. Homeowners, while they have a say through their votes for Board members, do not directly govern the condominium but participate in the governance indirectly through their elected representatives on the Board.