Condo Boards: Fiduciary Responsibilities & Potential Liability

The shocking catastrophic collapse of the Champlain Towers South Condominium building that occurred in Florida on June 24, 2021 resulted in the devastating loss of nearly one hundred lives, and many are now struggling to understand how this tragedy occurred. While some consensus exists regarding the mechanics of how the building collapsed, multiple lawsuits have been filed questioning why conditions were reached that made collapse possible. How do we avoid similar tragedies?

This new webcast examines the lessons to be learned, the likelihood of something similar occurring elsewhere, and the steps that can be taken to minimize that risk. Hear the faculty discuss the duties and responsibilities of condominium board members, as well as the fiduciary role that each member plays, and the scope and limits on their authority. Learn about board liability-and how to minimize it through proper management of condominium property, as well as how to manage risk through appropriate insurance. This program provides important, timely information for condominium board members-and to those who advise and work with them.