When a building is brought into the co-ownership system<\/strong>, the appointment of a professional or volunteer property manager<\/strong> is mandatory.<\/p>\n In the case of many small-scale buildings, it is one of the co-owners who acts as property manager<\/strong> because the fees for a professional property management company would considerably increase the annual expenses.<\/p>\n With the exception of the cumbersome administration and accounting<\/strong> that managing a building represents, you must not underestimate the responsibility of the property manager, even when considering a non-professional.<\/p>\n Non-professional property management :<\/strong> Lawmakers note that the tasks that the law entrusts to a property manager are numerous and wide-ranging, and that, by all means, the breadth of tasks and responsibilities of property management require utmost thoroughness and deep knowledge of<\/strong>, notably, the bylaws of the property and provisions in the laws.<\/p>\n It is thus emphasized that faulty property management can have extremely serious consequences<\/strong> for the co-owners: deterioration of the building; financial loss in the case of prolonged delinquency by a co-owner in paying expenses; loss after a disaster because of inadequate insurance coverage.<\/p>\n Responsibility and Liability Insurance : <\/strong>Any person acting as property manager<\/strong>, even as a volunteer, is held responsible by the Law<\/strong> and the other co-owners.<\/p>\n In fact, liability insurance<\/strong> is mandatory for the property manager, even a non-professional one.<\/p>\n If you want to relieve yourself of this burden and make things easier in the management of your building<\/strong>, and for a price that is commensurate with the size of your building, you simply need to call a meeting of the co-owners and vote to appoint a property management company. It only takes a majority of votes to make this decision.<\/p>\n","protected":false},"excerpt":{"rendered":" Why appoint a professional property management company? When a building is brought into the co-ownership system, the appointment of a professional or volunteer property manager is mandatory. In the case…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-centered.blade.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-5503","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\n