What you need to know about gated community management, common expenses, and dispute resolution.
What Is Complex Management?
Under Condominium Law No. 634, it is the manager or management board elected by the unit owners to manage the common areas.
What Do Management Fees Cover?
- Building caretaker (doorman) salary
- Lift maintenance contract
- Natural gas/boiler maintenance
- Gardener, cleaning staff
- Pool maintenance, operation of shared amenities
- Insurance premiums, taxes
- Fund for unexpected repairs
Methods of Calculating Fees
Either the equal-share basis (every unit pays the same) or the land-share basis (larger units pay more) is used. It depends on the decision of the unit owners.
What Happens If Fees Are Not Paid?
The manager can initiate enforcement proceedings for the unpaid fees together with late-payment interest. Subsequently, the unit can be sold at auction (very rare).
Unit Owners' Assembly
This assembly, which must meet at least once a year, decides on the annual budget, the election of the manager and major renovations. Attending the meeting is critical to protecting your rights.
