Frequently Asked Questions
The invoice issued by Alpha Property Management is fully transparent. According to the terms of the agreement made with the Housing Association, the account includes everything related to the building’s routine maintenance tasks.
The invoice may include any components that were not covered by the contract but had to be repaired urgently or at the building’s request for other reasons. To ensure that everything is visible and clear to all renters, there must be paperwork that goes along with the finished work in such circumstances. Except in extraordinary circumstances that must be specified in the contract’s provisions, the corporation never initiates any building-related work without the assembly’s approval.
All structures, regardless of whether they are listed in the real estate register or not (and even if they were constructed in violation of the Planning and Building Act), are subject to the Housing and Building Maintenance Act.
This Law thus applies to all buildings as a result of the recognition of the public interest that all buildings are maintained in a manner that they do not hurt third parties and their property!
The law stipulates that all buildings must be maintained, and not a single section of the law states that maintaining and organizing management in accordance with the law is contingent upon the legality of the structure.
The owner of a separate portion of the building may dispose of the common portion of the building for annexation, conversion, extension, or superstructure by providing the transfer of ownership rights to the first (right of first refusal). All owners of unique parts receive the offer at the same time.
If the owner of a specific portion of the building notifies the assembly of the housing association in writing within the allotted time frame following receipt of the offer (15 days), he may use the right of first refusal.
The housing association and the buyer of the house enter into a contract under which the transfer of property rights is carried out.
Property/Facility management is important for the following reasons:
Building management encompasses all the organizational tasks and activities carried out on a daily basis by the housing association assembly and the manager of the building. The owners of specific parts of the building organize the upkeep of the building, determine the allocation of financial resources and more.
Yes, a housing association can enter into a liability insurance agreement to cover damages to third parties caused by non-maintenance of the building or improper maintenance. This agreement is entered into in accordance with the terms and conditions set forth by the law that governs the insurance activity and bond relations.
The Owner’s Rules on Mutual Relationships of Owners of Special Parts (Owner’s rules) is an Act of the Housing Association that allows the owners of Special Parts to regulate their Mutual Relations, Rights and Obligations regarding the Management and Maintenance of a Residential or Residential-Commercial Building. An Owner’s Rule is not an Obligation, but an Opportunity for Owners to Regulate Their Mutual Relations, Rights And Obligations.
How are the owner’s rules established?
Owner rules are created by a unanimous vote of all owners of the building’s special parts. Any owner of a specific part of the building may initiate an initiative to create owner’s rules.
What are the owner’s rules?
The owner’s rules must include the following:
The owner’s rules can also regulate other relationships between the owners of the building’ s special parts, such as:
In accordance with the Law on Housing and Building Maintenance, the housing association as a legal entity generates revenue by contracting with third parties to use specific parts of the building as well as by managing the management and maintenance of the building. The housing association is required to maintain a business account with a bank through which all of the housing association’s income and expenses will be tracked.
The manager or professional manager disposes of money from the housing association’s current account in accordance with the assembly’s resolution for the management of the association’s funds. The manager also maintains regular records of the housing association’s earnings and expenses. Our users can access the housing association’s account electronically for the buildings that Alpha Property Management manages by utilizing a mobile application, which transparently describes the process.
The manager or professional manager is required to present a work report to the housing association assembly that details the organization’s overall income and expenses, the realization of planned and unplanned activities, and the resources used to carry out each activity.
Each owner of an individual unit has the right to ask the manager or professional manager to grant access so that he can view the status and adjustments to the housing association’s current account.
Call us or use the contact form to seek our offer if this is not the case in your building.
The provisions of the accounting Law (“Official Gazette of RS”, No. 62/2013), governing the financial activities of legal organizations, do not include residential buildings (Article 4, paragraph 4), meaning residential communities. hence, these communities are not legally required to assemble and present a fiscal report of their activities to the respecting authority, excluding certain instances where the housing association earns revenue by leasing shared portions of the structure.
What is Professional Management?
Professional management refers to the management of residential buildings by a professional manager who is either employed by a housing community assembly decision or appointed by the relevant body of the local Self-Government unit in case of mandatory management.
Who administers professional management?
Organized professional management is carried out by an organizer of professional management, who can be an individual or a business and who has an employee hired to carry out professional management tasks.
Who is a Professional Manager?
A Professional Manager is a person that provides professional management services. They have obtained a Professional Manager’s License under the Housing and Building Maintenance Act and are employed by the organizer (building assembly).