A document attesting to an expense (e.g. an invoice) that is used for control and accounting purposes. The supporting document mainly contains the following elements: the date of the transaction, the amount, the nature of the expense and the name or business name of the issuer.
Most co-ownership directors assume this activity free of charge, effectively excluding the collection of any amount of money. But, contrary to popular belief, they can be paid. Usually, the remuneration granted to a director is mainly symbolic and is not similar to a remuneration similar to that paid to a condominium manager.
Their remuneration takes various forms: salary, honorariums and attendance fees, just to name a few. This financial compensation, a part of the administrative expenses of the co-ownership, may also include the reimbursement of some expenses incurred by a director.
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