Condominium Associates

Board Myth of the Week 👇

“We can make an exception, they’re a good owner.”

It sounds reasonable… until it isn’t.
Selective exceptions often turn into selective enforcement claims. And those usually start with:
“But you allowed it before.”

Consistency protects the entire community, not just the board.
If your documents allow hardship pathways, use them. If not, stick to uniform enforcement.
Fair doesn’t mean flexible. Fair means consistent.

Not all decisions happen with a formal vote, and that’s where boards can get into trouble.

Even informal direction or consensus can be interpreted as an official action. If it sounds like a decision, it may be treated like one.

Clarity protects the board.
Process protects the community.

Board meetings don’t become official because everyone “agrees.” They become official when decisions are clearly made, voted on, and properly recorded.

Clear decision-making builds transparency.
Clear minutes build trust.

Strong boards don’t just talk, they formalize.

NEW Online Course: Board Financial Literacy — What Your Financials Are Really Saying

Understanding your financial reports is critical to strong board oversight. This course helps board members confidently interpret the Income Statement, Balance Sheet, accrual accounting, and financial trends — while learning how to spot red flags and track reserve-funded capital projects.

📅 February 25, 2026
⏰ 3:00–5:00 PM
💻 Online

Register here:
https://hubs.la/Q041nsmf0

Welcome! You are invited to join a webinar: Board Financial Literacy: What Your Financials Are Really Saying. After registering, you will receive a confirmation email about joining the webinar. Board Financial Literacy: What Your Financials Are Really Saying helps board members confidently understand the Income Statement, Balance Sheet, and the impact of accrual accounting. Learn how to interpret trends, recognize red flags, and understand how reserve-funded capital projects should be trac...

10 Condo Financial Terms Every Director Must Understand
Condo boards oversee big money and bigger risk.

Here are 10 financial terms every director should be able to explain:
1. Operating fund vs reserves
2. Restricted reserves
3. Deferred maintenance
4. Special assessment triggers
5. Funding schedule vs project timeline
6. Loan vs assessment financing
7. Cash vs accrual
8. Delinquency % and its impact
9. Budget variance (and “why” matters)
10. Fully funded baseline (reserve adequacy)

You can’t lead what you don’t understand.