If you own a condo, each month you pay fees to cover the services and amenities that you share with your neighbors, such as parking structures, clubhouses and fitness centers. To manage this money, along with rules and upkeep for these common areas, your building likely has a condo association board.

Thinking about getting involved by serving on your condo board? Here’s a look at what to expect when serving on a condo association board, including a representative’s obligations and responsibilities.

Condo association board roles

Condo association board members are residents who volunteer to help make sure their investment is protected. There are typically four elected officers on the board: the president, vice president, secretary and treasurer.1

A condo board also typically includes members who don’t hold one of these positions and serve as general board members. Some associations come up with different titles for these members, such as member-at-large, director or condo owner representative.1 Whether or not you serve on your condo board, you may vote in board member elections.

Board member responsibilities

A board member’s primary duty is to act with the interests of the building community and individual condo owners in mind. A well-managed condo board does this by1:

  • Establishing a budget and setting special assessments for residents

  • Communicating with residents and responding to owner concerns

  • Creating and enforcing the bylaws and other governance documents

  • Investigating violations and enforcing penalties

  • Maintaining common areas

  • Hiring and monitoring personnel

  • Purchasing insurance

  • Obtaining accounting and legal services

Additionally, each officer has distinct responsibilities outlined in the association’s bylaws.1

For example, the president runs the meetings, oversees day-to-day business and signs all contracts. The treasurer is essentially the chief financial officer for the association, implementing financial policies, paying the bills, collecting debts and reporting on financial affairs to the other board members. General board members are typically assigned duties by the board or president.1

Traits of a good board member

The condo association board has the authority to make decisions about every aspect of the governance and management of common property. Board members need to understand that responsibility and should only act in the best interest of all the condo owners, not in their own self-interest.1

If you are diplomatic, professional, courteous and capable of representing everyone in your complex, you may make a great addition to your condo association board. Being a board member is a lot of responsibility, but it can also be rewarding.

Serving on your condo association board allows you to be part of the process of making major decisions and establishing policies for you and your neighbors. Learn more about how condo insurance differs from home insurance, and how these differences may affect your coverage decisions.