The condominium is any group of four or more tenements, in one building where the common parts are shared. This would include the common entrance, stairways, lifts servicing the entire block and other shared areas.
Keeping the condominium in good shape, including regular cleaning and maintenance, is essential to the value of your property. A very beautiful apartment will only be worth the investment if the block it is housed in, is also well maintained.
The administration of a condominium requires coordination of the needs of all the owners of properties in that building. The work involves collecting all contributions, ensuring that all bills are paid, and of course coordinating all the works necessary. Naturally, where issues arise, the person charged with the administration needs to ensure a proper balance between the interests of all, keeping the block well-maintained and balancing the expenses with the means of the owners. Where legal issues arise concerning the block, knowing the proper avenues to obtain remedy is also key.
Our offices have the right structure to give you the comfort of a personalised approach, with the back-up of over 15 years of experience in the field of administration – including of blocks of apartments, ranging from smaller blocks where the service is tailored, to larger blocks where a wider approach needs to be coordinated. We also have staff who is able to handle queries and back-office administration in a timely fashion, as well as the appropriate registration of the administrator in accordance with the Condominium Act.
The appointment of an administrator is required by law where a block has 4 or more apartments, but it is always a good idea to appoint an external party where the issues require handling by someone independent. Having a legal professional onboard ensures that decisions are taken according to law. Guidance can be provided in terms of any legal action that might become necessary for any serviced condominium.
We are happy to help – just contact us should you require a quote.