If you’re in search of a The Landmark condo, checking out the apartment board is imperative. Despite how terrific your apartment is, the board can indicate the primary difference involving a pleasing residing circumstance in addition to a hellish nightmare. The board can be an crucial section of condo everyday living and should engage in a component in your decision to buy. Attending no less than just one board meeting is a thing that everybody investigating a apartment unit should do before you make the decision to obtain.
What’s the board and how come you need 1? The condo board is usually a team of people who uphold the CC&Rs (covenants, conditions & restrictions), address rule-breakers with warnings, fines and other methods of dealing with infractions, who vote on changes to the CC&Rs, building, policies and other issues associated with the property held in common. You need a board in a apartment to make decisions, through an established process, about issues arising in the rental. Whether it is deciding when to replace the roof or mediating a dispute amongst two neighbors, the The Landmark condo board performs many necessary tasks that keep the apartment running well. Or, at the least, it really should.
Apartment board members must be happy to talk to you about the condo, events, policies, CC&Rs, etc. Be wary of board members who resist all polite inquiries concerning the board and its conduct. While you don’t necessarily want a board that interferes with your daily everyday living, you also don’t want a board that is unapproachable.
How are meetings conducted? You need to sit in on one and see. Are they reasonably orderly and productive, or do they devolve into arguments and name-calling? Are there clear procedures that the conference is conducted by? For instance, one might have a number of “Old Business” issues, some “New Business” issues as well as a period of time where people today can lay issues before the board for consideration.
If the board employs a manager to oversee the day-to-day operations of the rental, how approachable and professional is s/he? Do other residents speak well of the manager’s attitude and handling of the condo’s affairs? Just one or two disgruntled individuals out of ten may not be cause for alarm, but if most of the folks you speak to are disgruntled about the manager’s conduct, you may well have reason to reconsider having to deal with them on a day-to-day basis.
Another aspect of the condo board would be the operating budget and reserve. The operating budget covers things like lawn maintenance, pool care, etc. The reserve is for repair and replacement of things as they inevitably wear out or break. A condo’s reserve and operating budget need to be flexible to meet rising costs and emergency issues. A condo that cuts reserve money and amenities to keep dues low may be a cheaper option, but the costs of replacing a roof with no adequate budget for it may require a large assessment from each condominium owner. It’s wise to avoid saving money now only having to pay an unexpected levy.