So Why Do We Have a Board and So Many Rules?
Surprisingly many Condominium Owners do not fully understand the reasons or requirements of their Condominium Corporation, their Board of Directors and their By-laws.
The Condominium Property Act lays out legal requirements by which the Corporation must run. Since it is a Corporation, and different from the Corporation down the street, it must have structure by which to function – By-laws. By thinking in terms of one’s home or Unit, one doesn’t always see the overall Condominium complex as a whole in terms of a legal entity – a Corporation.