Relationship of apartment owners
We all know that purchasing an apartment is a difficult and responsible process. This is a very serious step in a person's life and everyone is aware of the fact that it is one of the biggest investments you will make in your lifetime. For the value of the real estate you have purchased not to fall and, on the contrary, to increase over time, it needs maintenance, it is for this purpose that the cooperative of apartment owners is created.
Residents of a newly built building form a partnership and to resolve issues related to the common property of the apartment owners, they elect a chairman of the building as a contact person, who must be elected by the majority of the residents' votes. It is the chairman of the building who must hand over the works specified in the handover conditions performed by the development company (paved external facade, well-equipped yard, properly working elevator, orderly entrance, external lighting, and equipped garage).
The common property handed over by the chairman needs maintenance:
- Security of the territory - installation of security cameras and hiring of a security guard or hiring a security service;
- Greening - maintenance of trees and plants planted in the courtyard of the residential complex;
- Parking - maintenance - cleaning;
- Hiring a lift-service company, whose duty will be to repair in case of damage and to carry out other preventive works, as well as the issue of intercom and chips;
- Water pump - commissioning and maintenance;
- Outdoor lighting – commissioning and maintenance;
- (Utility charges for common space - entrance, garage, and yard lighting).
Correct management of all the above points ensures the increase of the value of the residential complex and its development. Live in a clean, safe, and comfortable environment. It is the apartment owners who can effectively decide the issues related to the maintenance and development of this common property.
Common property of the members of the cooperative association: - The plot of land, which is the common property of the members of the cooperative, and those buildings, installations, engineering networks, devices, which are not individual property, are common property members of the cooperative association;
Partnership formation and election of the chairman - the activity of the apartment owners' partnership is led by the chairman of the apartment owners' partnership; - in multi-apartment housing, where the number of entrances exceeds two, the chairman of the cooperative association can appoint a representative at each entrance, whose functions are determined by the charter of the cooperative association;
Due to the need for effective decision-making, each entrance should have one representative, and one chairman can be chosen from this representation, as well as from other members of the partnership;
Functions of the chairman: the activities of the cooperative association are led by the chairman of the cooperative association, he may be elected from among the members of the cooperative association or be an invited manager.
His duties include: - to convene and lead the meeting of the members of the partnership; - to take necessary measures in agreement with the meeting of the members of the cooperative to ensure the proper maintenance and development of the common property; - in agreement with the meeting of the members of the cooperative association, ensure the alienation, rental, leasing, pledging of the common property of the members of the association; - to provide maintenance of the common property of the members of the apartment owners' association, and the appropriate service for the development of hiring companies or individuals and concluding agreements with them; - to determine the economic expenses for the current year in agreement with the meeting of the members of the cooperative; - Determining the expenses of the current economic year of the cooperative association in agreement with the meeting of the members of the cooperative association; - to ensure compliance with the construction, technical, fire protection, sanitary and other rules and norms of the common property of the members of the apartment owners' association; - to follow the requirements of the apartment owners.
All the above measures are completed only based on a unanimous decision. The chairman can assume other obligations - only if they are written in advance in the charter adopted by the partnership. In the absence of the chairman or in case of his inability to perform his duties, one of the members of the cooperative association performs the duties of the chairman at his request.
What are the advantages of the condominium association: - the possibility to participate in municipal programs; - Solving common problems and/or developing common property - improving through co-financing; - simplified relations with state structures and private legal or physical persons; - maintaining and increasing the market value of the property belonging to the partnership and its members by conducting regular maintenance measures; - Ensuring the legal conditions for the management and development of the common property of the members of the cooperative association; - The possibility of creating a charter, which defines the rights and duties of the members of the cooperative (in the absence of a charter, all actions are carried out by the provisions of the law on cooperatives of apartment owners of Georgia).
The main task of the cooperative association is the maintenance, operation, and development of the common property.