How Is the Decision Book Kept? Legal Requirements
The decision book is the official record of the board of unit owners' decisions and is the foundation of legal proof. A poorly kept book makes the validity of decisions disputable.
From dues tracking to Condominium Law, resident communication to board decisions — practical articles born from real experience.
The decision book is the official record of the board of unit owners' decisions and is the foundation of legal proof. A poorly kept book makes the validity of decisions disputable.
The operating ledger is the financial book in which the building's income and expenses are recorded. It forms the foundation of the manager's obligation to give account. In this article, we explain the operating ledger and transparent accountability.
The maintenance of critical equipment such as elevators, fire systems, and generators is a legal obligation, and neglect creates heavy liability.
Insurance in apartments is often confused: which is mandatory, whose responsibility is which, and which is a common expense? In this article, we clarify apartment insurances and the role of management.
The reserve fund is savings set aside in advance for unexpected large expenses. A well-managed fund prevents the shock of additional dues mid-year. In this article, we explain the importance and management of the reserve fund.
There are two paths in apartment management: one of the residents managing voluntarily, or leaving it to a professional firm. Which is more correct? In this article, we compare the two methods impartially.
Apartment management, although it may begin as pleasant volunteering, carries serious legal risks. Negligence, accident, or missing documents may leave the manager facing compensation claims.
A well-organized meeting ensures that decisions are taken soundly and prevents later objections. We offer a practical guide — from notice and agenda to voting and record.
The greatest asset in apartment management is the residents' trust. Transparent accounts, regular communication, and open reporting build this trust. In this article, we explain how to achieve transparent management.
Setting up management from scratch in a newly delivered building is critical for starting correctly. The first board, manager election, dues, and establishing order are determined at this stage.
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