Property Management
A Virginia condominium association's board of directors has a fiduciary duty to:
AMaximize individual unit values
BAct in the best interests of the association and all unit owners✓ Correct
CFavor owners who pay assessments early
DFollow only the developer's original plan
Explanation
Condominium board members in Virginia owe fiduciary duties to the association and all unit owners. They must act in good faith, with care, and in the best interest of the association.
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