Do you live in a property with several flats? Then you are automatically part of the co-owners’ association. Yet many co-owners do not know what this means, what rights they have or what responsibilities it entails.
What is a co-owners’ association?
A co-owners’ association is the legal organisational structure for the owners of flats in a property. All co-owners jointly manage the property’s common areas: the stairwell, roof, facade, installations and grounds.
What are your rights as a co-owner?
- The right to participate in co-owners’ meetings and vote on decisions
- The right to inspect financial documentation and the manager’s reports
- The right to propose work and measures to improve the property
- The right to transparent management of shared funds
What are your responsibilities?
- Regularly paying contributions to the reserve fund to cover maintenance costs
- Complying with the house rules and decisions made at meetings
- Reporting faults and problems affecting the property’s common areas
Why is a good manager important?
A manager is a person or company that implements all decisions on behalf of the co-owners, handles administration and coordinates maintenance. A good manager means fewer problems, lower costs and a more satisfied community.
At Dom Plus Upravljanje, we handle everything, from organising meetings to implementing decisions. You can simply enjoy living with peace of mind.
