Meet the property manager of
MELANIE IMMOBILIER
Why
hire a professional?
You’re a volunteer property manager. Maybe this situation no longer suits you—you don’t have enough time, you’re not up to date on the latest regulations for your building, or you want to step down but no one is willing to take your place...
Or perhaps you already have a property manager, but they don’t meet your expectations in terms of availability, responsiveness, communication, or cost.
Come visit me at the office so we can discuss it.
What is a property manager?
The professional property manager
He must meet the following requirements:
provide proof of sufficient financial security to ensure that the condominium association will be reimbursed in the event of bankruptcy,
provide proof of professional liability insurance,
hold a professional license designated as a condominium manager issued by the Chamber of Commerce and Industry (CCI).
What are the duties of the property manager?
The property manager is the legal representative of the condominium association.
In this capacity, the property manager is responsible for managing the administration and finances of the condominium.
Administrative Management
In this context, the property manager must:
- create and maintain a summary record of the condominium containing essential financial and technical data regarding the condominium and its buildings,
- create and maintain a list of all co-owners, including their unit number, personal details, and address, as well as their email address, provided the co-owner has given their consent,
- ensure compliance with the co-ownership bylaws and the decisions of the general meeting,
- administer the building, ensure its preservation, safekeeping, and maintenance, and, in the event of an emergency, have the necessary work carried out to safeguard it,
- represent the co-owners’ association in legal proceedings,
- establish and maintain the building’s maintenance log,
- register the co-ownership,
- inform the building’s occupants (owners and tenants) of the decisions made at the general meeting.
The property manager is also required to organize a vote on the following decisions:
- taking out a civil liability insurance policy for the association (if rejected, the property manager may take out this insurance on behalf of the association),
- delegating the management of the co-owners’ association’s records to a specialized company (at the association’s expense),
- signing a contract with the property manager or any company or service provider affiliated with them.
Please note:
The property manager must provide co-owners with secure online access to documents related to the management of the building and individual units, unless the general meeting decides otherwise.
Accounting and Financial Management
He must:
- prepare the condominium’s projected budget, the association’s financial statements and their appendices, and submit them to a vote by the co-owners,
- open a separate bank account in the association’s name (unless the general meeting decides otherwise) into which all sums or assets received in the name of or on behalf of the association are deposited. He must also open a separate interest-bearing bank account in the association’s name into which contributions to the repair fund are deposited.
