20 frequently asked questions about condominiums
In this article you can find some of the frequently asked questions about condominiums, it is important to understand that some of these questions have been answered succinctly and if more information is needed you can find more detailed articles on this website.
Find the key ideas from this article here
Frequently asked questions about condominiums: Definitions
1. What is a condominium?
A condominium is a property or several, with autonomous parts, but common parts.
2. Or are there common parts?
Common parts, not general, are areas or areas intended for use by condominium owners. For example, water and electrical installations, patios, gardens, elevators and garages, among others.
Frequently asked questions about condominiums: Administrator
3. Who Can Be an Administrator?
Both co-owners and third parties can be administrators.
4. Is the Administrator position remunerated?
The position can be renumbered, and the renumbering is set by the Condominium Assembly.
5. How long does the administrator carry out his duties?
For one year, this time is renewable.
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Frequently Asked Questions about Condominiums: Leasing
6. What are the duties of the fraction owner?
– Responsible for informing the tenant of the condominium regulations.
– You are responsible for informing the administrator or administration about the tenant such as their address
7. Who is responsible for paying condominium expenses?
As a rule, the owner is responsible, unless it is agreed between the two that the tenant is responsible.
8. Who is responsible for carrying out maintenance works?
It is the landlord, unless otherwise specified in the agreement between the two.
9. What can the tenant do if the landlord fails to fulfill his duties?
– You can ask the city council to investigate how necessary the works are.
– If the works are considered necessary, the Council can intervene with a fine and either the Council or the tenant can replace the landlord in these roles. If the tenant takes on these duties, the value of the work will be deducted from his income.
– The tenant is responsible for works necessary through his fault. For example, breaking a window.
Frequently asked questions about condominiums: Works in independent fractions
10. Can I carry out works in my part of the condominium?
As long as you are the owner of the fraction and the work does not alter the architectural or aesthetic line of the building, you can carry out work.
11. What can I do if I want to carry out works that affect the architectural style or aesthetics of the building?
It will be possible if the assembly accepts it by a majority of 2/3 (66.7%) and approved by the City Council
Frequently asked questions about condominiums: Assemblies
12. What is a condominium assembly?
The condominium assembly is the body that is responsible for various issues related to the condominium.
This meeting is held by the residents of the condominium.
13. How regularly should a meeting be held?
The ordinary meeting must be held at least every 12 months.
14. How far in advance do I need to be called to a meeting?
At least 10 days notice is required.
15. How many votes am I entitled to?
A building is considered to have a total of 1000 votes, these votes are distributed among the fraction of the building that belongs to it. Therefore, if you have a fraction of 100 square meters, you are entitled to more votes than someone with 50 square meters.
16. What majority vote is required?
As a general rule, decisions are taken by a simple majority.
17. I can’t go to the assembly, what can I do?
You can send someone in your place to represent you.
Frequently asked questions about condominiums: Insurance
18. What are the mandatory insurances?
Fire insurance is mandatory whether in relation to autonomous units or in relation to common parts.
19. Am I obliged to pay for insurance?
You are obliged to pay the insurance for your fraction and a percentage for the common parts.
20. Am I required to update my insurance?
Yes, the insurance must be updated annually and its update must be decided by the assembly.
Conclusion
In this article you can see some of the frequently asked questions about condominiums that we consider most relevant.
If you want to consult a topic in greater detail, you can do so on the Condoroo Blog.
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