Some of its common functions include
Posted: Wed Dec 18, 2024 7:01 am
Property management is a fundamental area in the management of property owners' associations . Knowing the essential aspects related to this task is vital to ensure compliance with current legislation and guarantee efficient operation.
The Horizontal Property Law constitutes the primary legal framework for the administration of properties. This law establishes the rights and duties of the owners, as well as the rules for coexistence in communities of neighbors. Understanding the provisions of this law is crucial to carry out proper management. As a whole, the Horizontal Property Law regulates aspects shareholder database such as the constitution of the community of owners, the convening and holding of meetings, the adoption of agreements and the management of common elements.
Community governing bodies
In a community of owners, there are various governing bodies that play an essential role:
The board of owners is the highest decision-making body, where relevant issues are addressed.
The president of the community represents and manages the interests of the owners.
Knowing the functions and responsibilities of these bodies, as well as the procedures for their election and decision-making, is essential. Spanish legislation clearly establishes the guidelines to follow in relation to the constitution of these bodies and their operation.
And we have the figure of the property manager : a professional in charge of managing and administering communities of owners. His main role is to ensure the correct functioning of the community and to ensure compliance with the obligations and rights of the owners.
Financial management : The administrator is responsible for managing the community's financial resources, which involves accounting, preparing budgets, controlling income and expenses, and managing owner payments.
Maintenance and Repairs : Oversees the maintenance of common areas and coordinates necessary repairs, either by hiring professionals or coordinating with service providers.
Calls and meetings of owners : Responsible for calling and organizing the meetings of owners, preparing the agenda, sending the corresponding notifications, and preparing the minutes of the meetings.
Regulatory compliance : The administrator must ensure that the community complies with legal regulations and local regulations, such as compliance with safety standards, fire prevention and accessibility regulations.
Supplier and Third Party Relations : Negotiates contracts with external service providers, such as cleaning, maintenance, security, etc., and oversees their performance.
Owner Support: Acts as a point of contact for owners, resolving queries, listening to their needs and managing potential conflicts or complaints.
Obligations and responsibilities of the property manager
The property manager assumes multiple obligations and responsibilities. These include the financial management of the community, the contracting and supervision of services, the carrying out of repairs and the maintenance of common elements. He must also ensure compliance with legal and administrative regulations, as well as maintain fluid communication with the owners.
The Horizontal Property Law constitutes the primary legal framework for the administration of properties. This law establishes the rights and duties of the owners, as well as the rules for coexistence in communities of neighbors. Understanding the provisions of this law is crucial to carry out proper management. As a whole, the Horizontal Property Law regulates aspects shareholder database such as the constitution of the community of owners, the convening and holding of meetings, the adoption of agreements and the management of common elements.
Community governing bodies
In a community of owners, there are various governing bodies that play an essential role:
The board of owners is the highest decision-making body, where relevant issues are addressed.
The president of the community represents and manages the interests of the owners.
Knowing the functions and responsibilities of these bodies, as well as the procedures for their election and decision-making, is essential. Spanish legislation clearly establishes the guidelines to follow in relation to the constitution of these bodies and their operation.
And we have the figure of the property manager : a professional in charge of managing and administering communities of owners. His main role is to ensure the correct functioning of the community and to ensure compliance with the obligations and rights of the owners.
Financial management : The administrator is responsible for managing the community's financial resources, which involves accounting, preparing budgets, controlling income and expenses, and managing owner payments.
Maintenance and Repairs : Oversees the maintenance of common areas and coordinates necessary repairs, either by hiring professionals or coordinating with service providers.
Calls and meetings of owners : Responsible for calling and organizing the meetings of owners, preparing the agenda, sending the corresponding notifications, and preparing the minutes of the meetings.
Regulatory compliance : The administrator must ensure that the community complies with legal regulations and local regulations, such as compliance with safety standards, fire prevention and accessibility regulations.
Supplier and Third Party Relations : Negotiates contracts with external service providers, such as cleaning, maintenance, security, etc., and oversees their performance.
Owner Support: Acts as a point of contact for owners, resolving queries, listening to their needs and managing potential conflicts or complaints.
Obligations and responsibilities of the property manager
The property manager assumes multiple obligations and responsibilities. These include the financial management of the community, the contracting and supervision of services, the carrying out of repairs and the maintenance of common elements. He must also ensure compliance with legal and administrative regulations, as well as maintain fluid communication with the owners.