How Does an Apartment Manager Resign? Who to Submit the Resignation Petition To?

Advantages of Professional Management

• Transparent Financial Management: Online tracking of all income and expenses, dedicated bank account in the apartment's name
• Legal Protection: Professional liability insurance, letter of guarantee, protection against embezzlement risk
• Technical Team: Salaried personnel for electrical, plumbing, elevator and renovation works
• Time Savings: Floor owners do not deal with management tasks and focus on their own lives

Legal Responsibilities of the Manager

Manager duties regulated under Articles 35-40 of the Condominium Ownership Law (KMK) include: collecting dues, paying bills, maintaining common areas, keeping books, organizing general assemblies, and following up on legal notifications. Neglect of these duties may result in criminal liability for the manager.

Site Management Plan

The management plan serves as the constitution of apartment or site management. According to Article 28 of the KMK, it binds all floor owners. Professional management companies prevent potential disputes by preparing legally compliant and comprehensive management plans.