For the best property management with heart and mind.

We ensure that the different interests of all individual owners are taken account of. In this respect, reliable management includes building up financial reserves for maintenance as well as economic planning for value preservation and enhancement of both the entire property and individual as well as part-ownership property units. To this end, we are in close interaction with the advisory board and, if required, hold board meetings and make property inspections.

Catalogue of services

The manager is entitled, obligated and authorised to

1. summon and perform an owners meeting once a year.
2. present the economic plan for the running year and the statement of account for the previous year at the owners meeting for approval.
3. record the resolutions of the meeting and provide a copy thereof to every owner. The granting of the right to access to the records shall remain unaffected thereby.
4. enforce compliance with the house rules and use auxiliary services if needed (rf. letter m).
5. ensure orderly continuous maintenance and repairs.
6. keep community funds seperated from his capital and keep administrative accounts for such funds in the form of open third-party accounts.
7. invest the accumulated maintenance reserve at interest and seperately from the running management account. The manager may use this maintenance reserve in order to cover short-term liquidity squeezes on the management account.
8. demand and receive encumbrance and cost contributions as well as other payments.
9. effect all payments and performances related to the management of the joint property.
10. take out and cancel property-related liability insurance and providing relevant information to the community of owners as well as taking action in the case of an insured event.
11. make use of auxiliary services (caretakers, cleaners, architects, experts, lawyers, heating cost accountants, craftspeople etc.) to the required extent in order to fulfil the administrative function.
12. conclude all other contracts necessary for the performance of the administrative functions (e. g. heating maintenance).
13. represent the community of owners externally and vis-á-vis individual owners in and out of court, and to enforce claims of the community against third parties or individual apartment owners in court, also acting on his own behalf. The manager is also authorised to grant the power of attorney to a lawyer in order to represent the community or the other owners in court.

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Catalogue of services

A) Commercial management

• Enforcing the client's rights towards all authorities including land registries, mortgagees and creditors, suppliers, craftspeople as well as tenants and lessees.
• Lease termination.
• Acceptance inspections in the case of tenant changes, reading out meters and generating an acceptance report.
• Registration and cancellation with service providers.
• Key administration.
• Attaching name plates.
• Rent collection including all levies.
• Monthly rent transfer less management fees to the owner.
• Annual statement of revenue and expenditure for the tax consultant or tax authority.
• Collection and administration of the rent deposits in accordance with legal provisions.
• Creation of all operating, heating and water heating expense reports in accordance with the contractual provisions and payment control.
• Implementation of all measures necessary for proper management.
• Handling of correspondence with the tenants.
• Immediate action in the event of damage to the property.
• Granting authority for any kind of payment action arising from the tenancy, lease and usage relationship as well as for eviction proceedings, and the enforcement of the client's rights in relation to the administration and management of the contractual property. 

B) Technical management

• Monitoring of structural condition and commissioning of necessary repairs.