Collections by Condo Management Agents
It has been the norm for a condo management agent to collect the monthly condo maintenance payments. If the condo real estate owner is not able to pay his bills, it is better to talk with the condo managing agent about a grace period. Don’t take this matter lightly. The condo management company could be engaged by the council to sue any person that is behind with payments, and they will do so. The Singapore condo management company is also responsible for taking care of the repairing needed around the block. We are talking about changing the light balls, the switchers and other works considered unimportant by the strata title owners. Of course, the real estate condo management Singapore company is also responsible about justifying those sums, and about requesting invoices for any kind of work and material. The property management Singapore Company must offer you qualified personnel for accounting and financial services. Some condo owners are not aware about the importance of this matter.
The simple administrator will only use common calculation techniques. The Singapore condo management uses specialized programs to calculate your financial situation, and this is how they are able to save you some serious money. You will sign a contract with the company, and all the aspects about the services offered are stated there. The association will cease the usage rights over the common spaces, the elevators, the halls and the stairways to the company, and the management company obliges to take care about those spaces, and about calculating the expenses and incomes of the condominium in exchange for a monthly fee. The monthly fee used to pay for the service of the condo management agent does not include the salaries for the administrative and technical staff. These are paid by the treasury funds of the Singapore individual condominium council board.
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