Apartment Managers: What’s the Law and How to Get It?

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The management of an apartment requires a range of skills that enable efficient management. That’s why those who are dedicated to this industry have professional certifications as administrators. In this sense, the condominium law reform project includes a national certification scheme. In fact, there are currently five certified companies seeking to optimize property management services. " There are currently five companies that have national-level professional qualification certification for managers. " In this issue, we discuss the responsibilities of administrators and address the legal aspects of certification. Read on to learn how to earn Administrator Professional Certification. Apartment Manager Responsibilities Horizontal Properties: Professional Certification for Administrators Photographed by event creator Law No. 675 clearly defines the responsibilities of horizontal property managers. This way, it is very clear what duties they must perform; also, what legal obligations you have towards the legal entity as a horizontal property. " Law No. 675 of 2001 clearly stipulates the functions and responsibilities of apartment property managers.

Section 51 of the Act defines this set of functions. Here are some of the main responsibilities:  Convenes regular or extraordinary meetings of shareholders to submit inventory and general ledger balances for approval.  Keep the meeting minutes book properly .  Prepare annual accounts and submit them to the Board of Directors for review.  Perform accounting of the building or complex as per your Angola Email List duties and responsibilities.  Diligently manage and protect corporate assets.  To care for and supervise common property and to carry out its management, preservation and disposition.  Recovery of any obligation owed by the owner or occupier of property belonging to the private domain of a building or complex.  Elevate the reform of the horizontal property rights system approved by the owners' meeting into a public contract and register it.  Judicial and extrajudicial representation of legal entities  Notify the owners' corporation or board of directors of sanctions imposed on them for non-performance of obligations. Sanctions are imposed for non-compliance with obligations imposed by law. In order to define the image of an administrator, a key aspect that must be made clear is that he does not replace the functions of an accountant.



What does it mean? Although the administrator is responsible for accounting for the property, a public accountant must be hired. The latter must prove all the information provided. What are the provisions of Law No. 675 regarding the professional certification of managers? Professional Certification for Administrators : Requirements Photo by Scott Graham Faced with the reform proposals of Law No. 675 , many property managers have raised strong objections. The controversy appears to stem from ignorance of the regulations governing co-ownership. Before the law was enacted in 2001 , there was no clear definition of the ideal profile of a property manager. However, Law No. 675 requires proof of suitability for the position; that is, that it meets the necessary requirements to perform the functions listed above. Although the law does not clearly stipulate the conditions for professional certification of managers, it does clarify the responsibilities of managers. Likewise, you are legally responsible for any damage suffered by the legal entity (horizontal property.