Chapter 5 Early years
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The first ten years of the life of a condominium are very important for condominium owners and managers. This is the period in which the condominium needs to be shored up physically (its building structure), financially (its accounts and insurances) and socially (its rules and community development). This includes recruiting owners to the condominium board, agreeing on a condominium manager and reviewing finances and rules. Proactive boards may also spend time encouraging the development of community and implementing plans for emergency preparation. While this is happening, people will move in and out, membership of the board is likely to change, and people will disagree about their visions for the condominium. This means that the local politics of a condominium are in constant flux and negotiations and conflicts will be ongoing as owners and residents try to shape their condominium into something that suits their needs, lifestyles and investment aspirations.

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