A new chapter for your property: switching to the right property management company in Leipzig
Choosing a new property management company can mean a significant improvement for homeowners’ associations in Leipzig. A good property management company provides professional support for your property, which not only maintains the value of the property but also improves the living environment. This involves not only commercial management, such as checking incoming rents and preparing utility bills, but also technical and legal support, which covers a wide range of services from maintenance work to legal advice.
In this blog post, we look at the key aspects to consider when changing your property management company in Leipzig: the reasons that make a change necessary, the switching process and how to choose the right new property management company for your property.
Why a new property management company can be the solution
- Dissatisfaction with the current service: One of the main reasons for changing a property management company is often dissatisfaction with the service provided. This can range from a lack of communication, to delayed repairs, to insufficient transparency in billing. If owners feel that their needs and those of their tenants are not being taken seriously, trust can quickly dwindle.
- Cost inefficiency: Financial aspects play a major role in the management of real estate. A review of costs may show that the current management is either too expensive or that the costs are not in proportion to the service offered. Switching to more efficient management can lead to significant savings in the long term without compromising on the quality of management.
- Changes in the community of owners: Changes in the composition of the community of owners can also lead to a change in property management. New owners often bring fresh perspectives and ideas about how the property should be managed. This can lead to the decision to look for a management company that better suits the current needs and expectations.
- New requirements or expectations: Over time, the requirements for a property and its management can also change. This can be due to technological developments, changes in the legal framework or simply the evolution of the real estate markets. A property management company that does not adapt or is not open to innovation can quickly fall behind the needs of owners and residents.
A change of property management can be a necessary measure to ensure that your property is managed professionally so that it retains its value and the satisfaction of all parties involved is guaranteed.
Legal basis for changing your property management
The German Condominium Act (WEG) reform, which came into force on December 1, 2020, brought significant changes with regard to the deselection and termination of condominium administrators. The most important aspects are summarized here:
- Deselection of the administrator is possible at any time: According to § 26 Para. 3 sentence 1 WEG, the administrator can now be voted out of office by a simple majority resolution without good cause, which represents a considerable simplification.
- Administrator contract ends no later than six months after deselection: Even if the administrator is voted out of office, the administrator contract does not automatically end immediately. It ends no later than six months after the deselection, unless it is terminated or canceled earlier.
- Administrator cannot contest deselection: In contrast to the previous regulation, the administrator no longer has the right to challenge a decision to deselect him. Only condominium owners are entitled to such challenges.
- Practical implementation of deselection and termination: The dismissal and termination of the administrator can take place either in an (ordinary or extraordinary) owners’ meeting or by written circulation procedure.
Steps to change your property management
- Decision-making in the community of owners: It all starts with the desire for change. Dissatisfaction with the current property management or changing requirements lead the community of owners to consider a change. In this phase, it is important to have an open discussion and define common goals.
- Convening an owners’ meeting: Once the need for a change has been established, an owners’ meeting must be convened. The legal deadlines and formalities must be observed. The aim is to bring all owners together to inform and discuss the upcoming change.
- Voting and passing resolutions: The change of property management company is voted on at the meeting. A simple majority of votes is usually required for a successful resolution. The result of the vote lays the foundation for the search for a new management.
- Selection process for a new property management company:
- Creation of a catalog of requirements: First, a catalog should be drawn up with all the requirements and wishes of the community of owners for the new management. This includes the scope of services, cost structure and special needs of the community.
- Obtaining offers: Based on the list of requirements, offers are obtained from various property management companies. It is advisable to contact several potential property management companies in order to obtain an overview of the market.
- Comparison and evaluation of the offers: Once all bids have been received, they are compared and evaluated. This should be done on the basis of the costs as well as the services offered and the references.
Important criteria when choosing a new property management company
When choosing a new property management company, it is crucial to consider the right criteria to ensure that your property is optimally looked after. You should keep the following aspects in mind when making your decision: Experience and expertise, range of services, transparency and communication, local network and cost.
You can also find detailed information and recommendations in our separate blog post on the topic of “Choosing the right condominium management company in Leipzig”
Your property in the best hands: Switch to FG Fröhlich & Gottas property management now!
If you have decided to change your property management company and are looking for a reliable partner to represent your interests in the best possible way, now is the right time to switch to FG Fröhlich und Gottas Hausverwaltung.
With our experienced team and our holistic approach, we offer you a customized management solution that is tailored to your individual needs. We value transparency, communication and personal support to ensure that your property is optimally managed and that you feel you are in good hands.
Contact us today to find out more about our services and make the switch to FG Fröhlich und Gottas Hausverwaltung. We look forward to getting to know you and providing you with the best possible support in managing your property!
