Business plan in ownerships

Business plan – The business plan informs the apartment and part owners about the costs and contributions to be made to the common property in the coming calendar year. The manager of a condominium is responsible for preparing the business plan. Due to the ongoing maintenance costs of the property, the manager is dependent on being able to fall back on cash. For this reason, the condominium owners are usually obliged to pay monthly housing allowances in advance.

Business plan at a glance: The advance planning of the costs to be incurred in the coming year

• Is set up by the manager of a condominium
• Informs the apartment and part owners about the costs and contributions of the common property to be paid in the coming year.
• The manager is dependent on being able to fall back on cash because of the ongoing maintenance costs of a property.
• Therefore: Flat owners as a rule to it obligated monthly housing subsidy in advance to pay

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