Choosing who manages your condominium is a more important decision than it may seem. Issues such as unclear accounts, poor communication, or ineffective management can create significant headaches for all residents.
With new legislation requiring greater transparency and accountability in the sector, experts highlight five warning signs that may indicate future problems:
  • Lack of membership in recognized industry associations
  • Unclear or poorly detailed budgets
  • Contracts without clearly defined termination clauses
  • Absence of professional property management software
  • No references, or references that are difficult to verify
Before signing any agreement, it is essential to carefully assess the company responsible for managing the condominium. Taking the time to do so can help prevent future issues and protect the shared property and interests of all owners.