Condominium management
As an administrator for third-party assets, our cooperation is based on a special trust. It requires personal reliability, impartiality and special knowledge of real estate law. The different individual interests of the owners must be taken into account; the common goal of the owners should be to secure and increase the value of the property.
The diverse tasks include:
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Preparation and conduction of owners' meetings and implementation of the resolutions adopted
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Drawing up the annual housing allowance statement on the basis of the payment transactions recorded during the financial year
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Preparation of the business plan for the business year in question
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Keeping the book of resolutions in accordance with the WEG law
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Management of rent deposit accounts
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Separate investment and planning of the use of the maintenance reserve
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Punctual collection of all charges and costs (housing benefit) and other payments
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Punctual payment of operating costs and annuities after prior checking
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Bookkeeping according to the regulations of the WEG
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Review of the insurance needs of the property at the start of the contract. Conclusion and termination of insurance contracts. Claims processing with the insurance companies
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Recruitment and dismissal, instruction and supervision of auxiliary staff (caretakers, cleaning staff, etc.)
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Commissioning of specialists such as architects, experts, lawyers, heating cost accounting companies, etc. to the necessary extent
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Conclusion and termination of all contracts required within the scope of administrative tasks (e.g. heating maintenance, elevator maintenance, etc.)
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Representation of the owners' association in external relationships, i.e. towards individual owners and third parties, in and out of court
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Assertion of claims of the community against third parties as well as against individual members of the community
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Total traffic with authorities, craftsmen and public utilities
This is just an extract of the diverse, complex and time-consuming tasks of an administrator.