Why is it important to keep documents and records?
It is important for condominium corporations to keep documents and records for a variety of reasons: They can facilitate board decision-making and budgeting. They can facilitate the continuity of the condominium board and condominium corporation. For example, unit owners, board members, and condo managers change. Having documents and records in good order helps make sure new unit owners, board members, and condo managers are up to date with condominium affairs. In case of a dispute, well maintained proper documents and records can prove the board’s decision making processes were done properly and legally, and why they reached certain decisions.