Monthly Archives: June 2014
The responsibility of an owners corporation is singular: to manage the common property. All apparently singular responsibilities have many other facets on closer examination. This is no exception. When broken down, the responsibility of an owners corporation regarding common property is:
- Keep it safe
- Keep it clean
- Keep it repaired and maintained
- Keep it insured, and
- Keep it used in an orderly way
To do these things of course requires money. An owners corporation funds the costs of communal ownership of common property by setting budgets, striking and collecting levies and keeping books and records. But these are matters incidental to the core responsibility of an owners corporation: to manage the common property.
There is something missing in the term ‘owners association’. It is cold and clinical. It says nothing of proximity – of the micro-communities that are apartment blocks and townhouse complexes.
Belonging to an association connotes images of going to a meeting and coming home somewhat detached and resigning or not renewing membership if the wrong types seize control.
There is no such option in a group for the management of co-owned facilities in an apartment block or townhouse complex. So when the village idiot takes control of the apartment village in which you live, the only way out is to sell up and be gone. This is not an association, its much more complicated than that, it’s a community.