What does a community-of-owners management company do?

What a community-of-owners management company does

Freehold property management, or WEG management, looks after properties owned by several owners. Unlike a single let property, here the interests of many parties have to be coordinated, shared costs allocated fairly and statutory requirements met. That coordination is precisely our task, and it calls for experience and a sure touch.

Commercial management

This covers the annual statement, managing the reserve funds, setting the monthly contributions and preparing and holding the owners' meeting. Payment transactions and budget planning belong here too. How the reserve fund works is explained in the article on the maintenance reserve fund.

Technical management

We take care of upkeep, repairs, servicing contracts and coordinating trades. The aim is to preserve the value of the building over the long term and to prevent major damage through forward-looking care. Regular inspections help to spot problems before they become expensive.

Owners' meeting and resolutions

A central part of community-of-owners management is the annual owners' meeting. We prepare it, provide the necessary documents, chair the meeting and then implement the resolutions passed. That produces clear decisions everyone can follow, supported by the community and properly documented in legal terms.

Owners' rights and duties

In a community of owners, every owner has rights, such as to information and a say, but also duties, such as contributing to shared costs and decisions. Good management keeps the two in balance so that nobody is disadvantaged. That keeps the community able to act and avoids conflict.

Good community-of-owners management means the community works without the individual owner having to deal with the day-to-day.

Working with the owners' committee

Where there is an owners' or management committee, we work closely with it. The committee represents the owners towards the management company, checks the statement and supports decision-making. Open, regular coordination makes sure larger measures are broadly supported and that there are no surprises at the meeting.

Communication between owners

We are the fixed contact for all owners and make sure decisions are transparent. That keeps your property securely managed and the costs easy to follow. Which services are involved overall is shown in the article on the duties of a property management company. We would be glad to look at your property and prepare an offer for managing your freehold development in Graz.