Monreal Immobilienmanagement GmbH
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Owners Association (excerpt )

  • Representing the homeowners association before judicial, administrative and tax authorities.
  • Ongoing optimization of operating costs with regard to realizing saving potentials.
  • Regular review of the property´s building condition.
  • Custody for adequate insurance of the property.
  • Initiate appropriate measures to remedy damages including necessary insurance settlements.
  • Issuing orders to carry out necessary conservation measures and improvements if decided by the majority of owners on the basis of at least three comparable estimates.
  • Organizing cleaning services and other services for the common areas.
  • Managing all costs of ongoing administrative issues, such as operating and heating costs, loan amounts, income from the letting of commonly owned areas etc.
  • Care that invoices and receipts are always handled within the stated period.
  • Consideration, acceptance and payment of property-related bills.
  • Collecting a reasonable reserve fund to cover the cost of ongoing maintenance and improvement works (if approved by the homeowners association ).
  • Establishing and managing a separate account for the reserve fund.
  • Issuing an annual statement to each owner as of 30 June of the following year according to relevant laws and the principles developed by case law; granting the data inspection and making copies of bills and/or supporting evidence.
  • callbacks on telephone customer requests on the same day, but no later than on the next business day until 12:00 clock

Revenue Property (excerpt)

  • Representing the owner before judicial, administrative and tax authorities including the appointment of representatives and the reception of documents and money amounts.
  • The transfer of rental units to tenants and the withdrawal of rental units including all associated duties.
  • The collection of rental income and eligible expenses as rent components.
  • The disbursement of a surplus to the owner.
  • Keeping track of appointments and index numbers.
  • The payment of all management costs attributable to the owners.
  • Issuing an annual statement of operating costs no later than 30.6. of the following year.
  • Clearing the balances of income and expenses with the owner.
  • Creation of lease contracts, including charging.
  • Management of tenant deposits.
  • VAT statements to the owner and nominated third parties (tax consultants).
  • Initiating and monitoring repairs and improvements.


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