Which duty is NOT typically performed by the Board of Directors in condominium management?

In condominium management, the duties of the Board of Directors primarily revolve around overseeing the overall management of the property, ensuring compliance with regulations, and maintaining the common interests of the unit owners. One key responsibility of the Board is to approve an annual operating budget, as this budget reflects the financial planning and resource allocation for the condominium's operations and maintenance.

Appointing auditors is also a critical duty of the Board, ensuring transparency and proper financial oversight of the condominium's finances through independent audits. Additionally, entering into management contracts falls within the purview of the Board, as they must select and contract the property management company that will handle day-to-day operations and maintenance tasks.

On the other hand, negotiating tenant leases is typically not a responsibility of the Board of Directors. This function is generally handled by property management professionals or leasing agents, who are trained and experienced in managing lease agreements and tenant relations. The Board’s focus is more on governance and strategic direction rather than the direct management of tenant relationships and individual lease negotiations. Therefore, the option regarding negotiating tenant leases stands out as the duty not usually performed by the Board of Directors.