Board of Managers
The board of managers is the governing body acting on behalf of unit owners for condominium operations, budgeting, and enforcement. Statute grants the board lien rights for unpaid common charges and provides a mechanism for statements of unpaid charges used in transfers.
- Where it applies
- New York State
- When it comes up
- Governance; resale due diligence; enforcement
- Property types
- Condos
Condominium Governance
General information, not legal, tax or financial advice.