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Why Property Management

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Property Management Law

Property Management Law

Property management law is a framework that shapes the management of apartments in particular. Within the scope of this framework, estate management boards hold their own general assembly meetings and the decisions taken at the meetings concern all estate owners or tenants. Property owners and tenants are responsible for the decisions taken.

It is very important that property managers comply with property management law. Property management law is very important for the rights and responsibilities of both the shareholders in the apartment and themselves. Although proeperty management may seem like a difficult and demanding job, if this job is done according to the property management law, there is no such negative side.

How Should the Estate be Managed in Accordance With the Estate Management Law?

As per the law, the estaes are managed by the flat owners board. However, if any of the flat owners do not want to do this job voluntarily or for a fee, this time management companies can be appointed. With the contract made between the management companies and the owners, the management company is responsible for the management of the estate. For this, the estate management company does the necessary work for this contract to become official. Because this is the most important for the formalization of the rights and responsibilities of both the company and the flat owners. All details should be specified in the agreement between the flat owners and the property management company.

The articles of the estate management contract cannot be against the law. Articles that are against the law have no validity in the courts. These articles are not accepted as a defense by the parties. Everyone's responsibilities should be clearly written in property management contracts. Dues must be included in the contract clauses, either salaries to the estate manager or wages to the estate management company. One of the most challenging issues in estate management is that it cannot be decided how and by whom some common expenses should be paid. Although the estate management law provides a framework for this issue, estate owners may have problems in this regard.

For a smooth and effective estate management, every issue should be stated in the minutes of the board of directors. Otherwise, there is a high probability of problems in the future about any situation not mentioned in this document. Because no one considers himself responsible for an unwritten article. These conditions also apply to rentals. If the contracts between the owners and the tenants are made in accordance with Rental Law, everyone's rights and responsibilities shall be formalized.