Q: I have heard different Opinions about the duties of a management company managing a Condominium community. Is there documentation stating exactly the duties of a management company?
A. The duties of a management company vary depending upon what specific management services the Condominium Board contracts for with the manager and based upon the governing style and policies of the Condominium Board. For example, the manager could, be retained to be a “full service” manager with responsibility for all Condominium operations including the financial aspects of the Condominium as well as the Condominium’s physical plant. On the other hand, the manager could have a limited role in the Condominium, for example, for financial management only. There is no statutory requirement that a Condominium manager perform any specific scope of duties for a Condominium.