Regulations Of
The Association
The By-Laws of Darlington Ridge
Condominium Association are intended to govern the
administration of the Association. Through the By-Laws, the
Board of Trustees (discussed in the following section) is to
provide for the management, administration, utilization, and
maintenance of the common areas of Darlington Ridge Condominium
Association.
The By-Laws disclose the
guidelines for activities such as meetings, election of the
board of trustees, board powers, budgeting, and management.
An important thing to remember
about a community association is that it is a business. To be
successful, it must be operated as such and have sound financial
management. This includes establishing good financial and
record keeping practices, establishing practical budgets and
common charges, and collecting common charges from all members
on a timely basis. |
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