Property Manager: Obligations and Fees

The property manager of a co-ownership is the central player in managing a jointly-owned building. Designated by the general assembly of co-owners, they assume legal, administrative, financial and technical responsibilities governed by the law of July 10, 1965 and its implementing decree of March 17, 1967. Understanding their obligations and fee structure allows co-owners to better control the management of their real estate assets and avoid budget overruns frequently observed in collective buildings. The manager is required to execute decisions