Must be reviewed prior to reservation or preliminary contract if purchase is related to mandatory management. It is important again at the handover, when the charges and the actual provision of the services start.
It is signed between the owner/buyer and the company or person providing the services, and in some cases it is related to the investor or condominium. Check the dealership and who controls the contractor.
The fee can significantly increase the annual cost of the property and is payable regardless of whether you live in it. A vague description of services can lead to payment without a measurable standard, accountability or easy termination.
What the document proves
What can you establish from it?
Each document answers a different question. A single document is rarely enough to prove title, completed construction work and the basis for payment at the same time.
What does it establish?
Establishes the agreed services, area or basis for the fee, term, method of payment, indexation, reporting, access, sanctions and termination. Budget and standard applications are an essential part.
What does it not establish?
It does not prove that all common areas are owned by the condominium, that the services are performed in a quality manner or that the charge cannot be disputed. It does not replace condominium management decisions and obligations.
What to look for in the document
Which details should you compare?
Check parties, term and continuation, services and measurable standard, which areas are served, basis and currency of the fee, VAT, indexation, budget and report, control, termination, penalties, transfer on sale and connection with the general meeting.
What comes before and after?
Before the contract, it should be clear who owns and manages the infrastructure and what has already been promised in the purchase contract. After signing, request service reports and protocols and monitor condominium decisions.
Where the document comes from
Finding and checking it
Mesto does not retrieve maintenance contracts, invoices or private budgets. The public information about the complex does not automatically show the real cost and the contractual obligation of the apartment.
Request the draft contract, tariff, budget, standards and recent reports from the seller, investor, manager or service company. Talking to existing owners can provide useful information, but is no substitute for reviewing the contract itself.
When do you need a professional review?
An attorney should review long term, automatic continuation, indexation, penalties, and property relationship. An accountant or technical professional can assess the budget and the realism of the services.
Before you continue
Check these details
Use this list to prepare for a conversation with the seller or a specialist you trust.
- 01
Calculate the full annual cost, including VAT, indexation and additional services.
- 02
Check the term, auto-renew and actual termination method.
- 03
Demand a measurable standard, budget, accountability and control over the contractor.
- 04
Distinguish private contract from condominium decisions.