Administrative and Financial Management

Existing funds, debts, receivables and the document archive are taken over under a formal record.

The annual budget is prepared and formally served on unit owners.

The online payment channel is opened and charge tracking moves onto the system.

The first income and expenditure report reaches owners at the end of the first month.

Yes. Unit owners can pay by card through the online platform and view their payment history and the development’s current financial position on the same screen.

Yes. An invoice is filed for every item of expenditure and any unit owner who asks can see the supporting document. The Condominium Law gives unit owners a right of inspection; we build a filing system that makes that right workable.

A written reminder and formal notice are sent first. If payment is still not made, enforcement proceedings are started with the approval of the management board. Under article 20 of the Condominium Law, a late payment penalty of five per cent per month applies to overdue amounts, and the process appears in the monthly report.

The operating budget is prepared annually and formally served on unit owners. The statutory objection period runs from service; if no objection is made the budget becomes final and charges are raised accordingly.

Personnel records, payroll and social security filings for caretaking, security and cleaning staff are handled by the management. Payments are made from the development’s funds and shown as a separate line in the income and expenditure statement.