What legal entity must be formed to operate a condominium according to the GCA?

The correct answer is that a nonprofit mandatory membership corporation must be formed to operate a condominium according to the Georgia Condominium Act (GCA). This structure is essential because it ensures that all owners within the condominium have a legal entity that represents their interests and governs their shared community.

The nonprofit aspect is crucial because it indicates that the corporation is not established for the purpose of generating profit for its members; instead, it focuses on maintaining the condominium property, enforcing community rules, and overseeing the collective interests of the homeowners. The mandatory membership component ensures that all unit owners are members of the association and have a say in the management and regulations of the condominium community.

Forming a different type of entity, such as a for-profit corporation or a partnership, would not align with the specific provisions laid out in the GCA. A government association isn't applicable here, as condominiums are private entities rather than government-run organizations. Therefore, the requirement of forming a nonprofit mandatory membership corporation is crucial in fostering effective and fair management of condominium living.