Condominium Administration

Setting up an owner association

The first step is to officially create a condominium group and to register the condominium as an association with the Land Registry as per law.

Setting up a bank account

An address and a bank account will enable the administration to apply for services like water and electricity and funds from contributions deposited into the bank account.

Enforcement

Annual General Meeting is prepared and organized and the plans discussed in this meeting will be enacted and measures enforced in order to improve year after year the running of the common area.

Routine cleaning

Cleaning will be assigned to the condominium and the frequency agreed with the owner association.

Lift

Ensuring that the lift registration and lift maintenance agreement including engineer certification together with a common area, comprehensive insurance are administered.

Budgets and reporting

CBG will design a yearly budget that fits your condominium needs and a compilation of the previous year's accounts.

Bookkeeping

Keeping a register containing details of owners, minutes of meetings, keeping track of all executed payments, collecting the contributions and preparing financial statements.

Maintenance

Provide general day-to-day maintenance and administration, schedule regular inspections of the common space, staff and contractors supervised and areas updated for health and safety regulations making sure to be compliant to the condominium act.

Troubleshooting

24/7 contact number for apartment owners in case of emergency.

Updates

Affix a notice board in the common entrance and regular updates provided.