In the wake of the tragic collapse of the Champlain Towers Condominium in Surfside, Florida, many people want to know how such a thing could happen.
Community leaders, as defined within the Community Associations Institute’s Rights and Responsibilities for Better Communities, “have a responsibility to fulfill their fiduciary duties to the community they serve and to exercise discretion in a manner they reasonably believe to be within the best interests of their community.”
It is more important now than ever to not lose sight of maintaining your association’s physical and financial health.
For property owners, condominium associations, and homeowner associations (HOAs), the longevity of components on their property is incredibly important.
Maintenance of condominiums, townhomes, and planned-unit developments is often left to the expertise of professional management. Everyone understands the need to cut the grass, landscaping, paying the utility bills, etc.