Methods Of Real Estate Management

To create a block of flats homeowners (HOA), we must first hold a general meeting of owners, which define the way home management, as well as to fix it by creating means a vote of owners of premises. In this case, it is necessary to take into account the time that the voting weight of the owner directly depends on the size of his apartment. Housing Code of the Russian Federation provides three ways to control Real Estate: management of the property owners of the premises; management specialist organization (management company); management homeowners or consumer cooperative; Each method has its advantages and disadvantages. For example the direct management of the apartment building can be effective in the event that the house belongs to a small number of owners. This method of control is selected in the main owners of small apartment buildings designed for 2-5 families. Stewardship specialist management company also has its own nuances. On the one hand, the major operating companies has its own professional staff, necessary equipment and other resources that can ensure the effective management of the house.

On the other hand, the youth market such services causes a large number of newly created asset management companies, who have no experience in managing residential property, or resources for this. Building Management Tools homeowners association is an optimal combination of the first two options. Since the HOA can hire independently of the staff that will be cheaper, respectively, and for complex IT services already engage specialized organizations. But in this version of government is one big problem – it is the owners themselves, the organization of their participation in the service at home, decision standing disputes, etc. Those who have summer cottages in the gardening companies may recall meeting gardeners. A decision on the method of administration should be taken not less than two-thirds of the votes. The general meeting is mandatory for all owners of the premises of the property. If the general assembly has chosen method of control – HOA, you need to prepare articles of incorporation.

The composition of these documents include the charter and the memorandum of association. At the general meeting approved the founding documents and the elected government HOA. After the state registration of the HOA as a legal entity between the owners buildings and condominiums should enter into a contract management of the apartment building. The contract must specify: the address of apartment house, of its total assets in respect of which will be managed; list of works and services for maintenance and repair of common property, the procedure for amending the list and a list of public services provided by the management company; procedures for payment and amount of payment for repairs and maintenance of premises, as well as for public utilities; arrangements for monitoring the implementation of the commitments the management company. The contract is concluded for a period of not less than one year nor more than five years. Terms and conditions are the same for all owners of the premises of apartment buildings.