My First Property Management Company

When a building enters the condominium ownership system, appointing a property manager whether professional or volunteer is a legal requirement.

In many smaller condominiums, one of the co-owners takes on this role voluntarily, often to avoid the additional costs associated with hiring a professional property management company. However, managing a condominium involves far more than administrative and accounting tasks. The role carries significant responsibilities that should not be underestimated, even when entrusted to a non-professional.

The challenges of volunteer property management

The duties assigned to a property manager by law are extensive and require a high level of organisation, accuracy and knowledge of both condominium regulations and applicable legal requirements.

Poor management can have serious consequences for co-owners, including:

• Deterioration of the building due to insufficient maintenance or lack of follow-up;
• Financial losses caused by unpaid charges or poor budget management;
• Inadequate protection in the event of damage due to unsuitable insurance coverage.

For these reasons, volunteer property management requires the same level of attention and responsibility as professional management.

Please note that volunteer property management is only permitted for condominiums with 9 units or fewer.

A legally responsible role

Anyone acting as a property manager, including on a voluntary basis, remains fully responsible for the proper execution of their duties towards the condominium and the other co-owners.

Professional liability insurance is also mandatory for any person carrying out this role, whether professional or volunteer.

A simpler and more secure solution

Choosing a professional property management company allows co-owners to delegate these responsibilities while ensuring reliable, compliant and efficient management of their building.

To appoint a professional manager, co-owners simply need to hold a general meeting and approve the decision by the required majority vote.

With solutions adapted to smaller condominiums, Easy Syndic provides expert support without unnecessary costs, allowing co-owners to benefit from professional management while keeping control of their budget.