What does the term "duty of care" refer to in the context of CAM responsibilities?

The term "duty of care" in the context of Community Association Management (CAM) responsibilities refers to the obligation of managers to exercise the skill and care that a reasonable person would in similar circumstances. This standard emphasizes the importance of acting in the best interest of the community, making informed and prudent decisions, and applying due diligence in managing resources, assets, and overall operations of the association.

This concept is crucial in ensuring that community managers fulfill their responsibilities effectively, considering the needs of the residents and the community at large. By adhering to this principle, CAM professionals can help mitigate risks, avoid negligence, and maintain the trust and integrity within the community they serve.