What governs the management of a condo and maintains the common elements?

The board of directors or board of managers is responsible for governing the management of a condominium and maintaining the common elements. This governing body is typically elected by the unit owners and has the authority to make decisions regarding the operational aspects of the condominium. Their duties encompass not only the maintenance of the commonly shared facilities but also financial management, implementation of rules, and ensuring compliance with relevant laws.

By having a board in place, the interests of the unit owners are represented, and the operational structure of the condo is organized and efficient. This elected group is charged with establishing policies and overseeing the day-to-day management, which can include hiring property management firms to assist with specific tasks, but ultimately holds the responsibility for governance and decision-making.

In the context of the other choices, a homeowners' association typically refers to a governing body for an entire community, which may or may not include condominium management. While a property management firm can handle various operational aspects, they are usually hired by the board and do not have the governing authority that the board possesses. Similarly, a unit owners committee may exist to voice concerns or provide input but does not carry the same legal responsibilities as the board of directors or managers.