Property Management and fees
1- Management of the common areas of a building on behalf of its owners: ensuring the smooth day to day running of the building, keeping all the amenities and utilities in good functioning order, such as lifts, electric generators, boilers, water wells and water pumps etc. Recruiting and employing a janitor for the building and supervising his work on regular basis.
2- Legal service:
a. Preparing , drafting and noticing convocations of general assembly meetings to all owners, and record minutes of the meetings.
c. Undertake legal measures and procedures to collect these charges.
d. Taking necessary legal measures concerning any trespassing on the common areas, by owners or others and removing all adjustments, violations and trespasses according to the law and buildings bylaws.
e. Presenting written and verbal legal advices concerning any matters related to the coownership.
f. Representing coownership association towards others and in front of the courts , authorities, official administration and institutions and municipalities.
a. Obtain all the necessary insurance policies, tailor made, for the buildings.
b. Preparing a file for each building/community contain:
- Names , details and contacts of all owners.
- The bylaws, maps, title dead's
- Previous general assembly minutes of meetings.
- Accounting and maintenance audit reports.
- Provide security services
4- Accounting services:
a. Preparation of a budget forecast for the coming year.
b. Allocation of the budgeted amount on all owners according to their shares in the bylaws.
c. Issue service charge demands/quarterly statement of accounts to each owner.
d. Insure all the payment of the building expenses.
e. Issue an annual statement of account for the building expenses.
5- Collection of service charges from the co-owners.