Yes, any property owner can apply to be the President, Vice-President or Treasurer of a Community of Owners. Normally, the owners who run for any of these positions will be permanent residents within the community as the amount of work involved is quite large and requires weekly involvement. Their job is to supervise the work of the company that runs the community, make payments for the different services that the community requires and oversee that the works are done correctly within the community.
Any owner wanting to run for a particular position within the community will have to be elected by the majority of owners with the community during the annual general community meeting. The term within the position lasts a minimum period of a year, although it is quite common that if the community runs smoothly, owners in these positions will stay in such position for many years.