Choosing the right condominium management company in Leipzig: a fundamental decision for condominium owners’ associations
The management of the common property of a condominium complex is a central responsibility that has far-reaching effects on the quality of living and the value of the property. A condominium owners’ association (WEG) comprises the joint responsibility of the owners for the property as well as for the parts, systems and facilities of a building that are not owned separately. The property management, a necessary organ of the condominium owners’ association in accordance with Section 9b of the German Condominium Act, plays a key role in ensuring that condominium associations function effectively and that the interests of all owners are safeguarded.
In Leipzig, a city with a dynamic real estate landscape, there are specific challenges and opportunities in the management of condominiums. Local expertise and an understanding of the specific legal and market conditions are crucial to meeting the requirements of condominium owners’ associations. It is therefore advantageous to choose a management company that not only offers a wide range of services, but also has in-depth local knowledge of Leipzig.
In the following blog post, we look at how to choose the right condominium management company in Leipzig. Find out which factors are decisive, from the manager’s expertise to the costs, and how to make a selection that meets your requirements – a compact guide to simplify the search for the ideal manager.
Key points of condominium owners’ association management
Condominium management plays a decisive role in the organization and maintenance of condominium complexes. The administrator, as the central body of the condominium owners’ association (WEG), is responsible for the implementation of the owners’ resolutions, financial management including the economic plan and the property management accounts, as well as the maintenance of the common property. These tasks are defined in the German Condominium Act (WEG), in particular in § 27 WEG and § 28 WEG(WEG).
The Condominium Act distinguishes between separate property, which relates to the individual condominiums, and common property, which includes parts of the building that are common to all owners. The maintenance of common property is a joint responsibility of the community of owners.
A comprehensive reform of the WEG in 2020 strengthened the position of the community of owners and introduced new regulations for the digital holding of owners’ meetings and for structural changes.
Decisive criteria for the selection of a WEG management company
When choosing a condominium management company, there are various aspects to consider that are crucial for the efficient management of your property. Here is a summary of the most important criteria:
- Experience and expertise: Sound experience and comprehensive expertise are essential in order to successfully manage the diverse and often complex tasks of a condominium management company. A proven management company has the necessary know-how in commercial, technical and legal matters and can look back on a history of successful property management. Check references and testimonials to assess the competence of potential administrators.
- Range of services: The range of services offered by a condominium management company can vary greatly. Essential services include the commercial, technical and legal management of the common property, including the preparation of economic plans, the preparation of annual accounts and the maintenance of the common property. Make sure that the management offer meets your needs.
- Transparency and communication: Open communication channels and a transparent way of working are crucial for the relationship of trust between owners and management. A good condominium management company should provide regular information about upcoming decisions, be easily accessible and be able to give a clear account of its activities.
- Local network: Local knowledge and connections can bring considerable advantages, especially when it comes to hiring craftsmen or knowing specific local regulations. An administration with a strong local network in Leipzig can often work more efficiently and negotiate better conditions.
- Costs: The costs of condominium management can vary and depend on the size of the condominium community and the scope of the services to be provided. Typically, they are between 25 and 40 euros per month per unit. It is important to compare offers and make sure that the costs are presented transparently and that the price-performance ratio is right.
When choosing a condominium management company, it is crucial to find a partner who not only has the necessary experience and expertise, but also offers a comprehensive range of services, is transparent and communicative, has a solid local network in Leipzig and offers a fair cost model.
Four steps to your WEG management in Leipzig
Choosing the right condominium management company is a crucial process for every condominium owners’ association. Here are the steps you should follow to make the right choice for your property in Leipzig:
- Draw up a shortlist of potential managers: Start by obtaining offers from various condominium management companies. Use your network or recommendations from other condominium owners’ associations for this. Check the qualifications, membership of professional associations and experience of the managers on the market.
- Conducting interviews and obtaining references: After you have created your shortlist, conduct interviews with the potential administrators. Ask about their education and professional experience. Obtaining references is also important to gauge the satisfaction of other condominium associations with the manager’s services.
- Decision-making at the owners’ meeting: All important information and offers should be made available to all homeowners at least two weeks before the resolution is passed. This gives the members enough time to compare the offers and form an opinion. The owners’ meeting then votes democratically on the termination of the current manager and the appointment of a new manager. The results are recorded in the resolution.
- Signing the administrator contract: After the successful vote and selection of the new administrator, the old administrator contract must be terminated in writing and a new contract signed with the new administrator
Choosing a new condominium management company in Leipzig requires careful preparation, transparent communication and well-considered decision-making by the community of owners. By following these steps, you can ensure that your property is managed professionally and in line with the wishes of the community of owners.
FG Fröhlich & Gottas property management – Your property, our priority
Are you looking for a competent and reliable condominium and rental management company in Leipzig? FG Fröhlich & Gottas Hausverwaltung GmbH is at your side with a comprehensive range of services. From commercial to technical management – find out all about our services and how we can successfully manage your property. Contact us now to find out more about our services. We look forward to hearing from you and finding the best solution for your property management together!
