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.