Who is ultimately responsible for the preservation and enhancement of a community's assets?

The members of the community hold the ultimate responsibility for the preservation and enhancement of the community's assets. This accountability stems from the fact that members are stakeholders in the community. They have both a vested interest in the upkeep and enhancement of shared assets, such as common areas and facilities, and the authority to influence decisions affecting these assets through their participation in governance processes, such as voting and engaging in community meetings.

While the board of directors, community manager, and property management company play significant roles in day-to-day operations and strategic planning, they serve on behalf of the members. The board is tasked with making decisions aligned with the interests of the members, and the community manager executes those plans. Meanwhile, the property management company provides support and operational management. Ultimately, members must remain actively involved and informed, as their collective voice and engagement determine the direction and quality of their community’s assets.