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JOB DESCRIPTION

Co-ownership Manager 

Role Overview

The main role of the Co-ownership Manager is to monitor the technical, administrative, financial, accounting and legal aspects of the buildings under their responsibility. They are mandated by all the co-owners of a building to implement the decisions of their general meetings. These include carrying out works, managing the building's staff and executing maintenance and insurance contracts.

The Co-ownership Manager also ensures compliance with the co-ownership regulations, safety and energy-saving standards, etc. They act as a link between the building's occupants (co-owners and tenants) and external parties (administration, service providers, etc.).

Co-ownership trustees work for a property management company, either alone or with the help of an assistant, an accountant and sometimes a technical manager. Later, with their professional experience and a portfolio of buildings to manage, they may consider opening their own property management agency. In all cases, their time is divided between the office for the administrative part and the field for the management and maintenance of condominiums.

This is one of the professions that requires greater versatility, so there are several possible routes into this job. The skills required are varied, and the job involves a great deal of travel, human contact and negotiation.

 

Alternative Job Titles

  • Property and Co-ownership Manager
  • Property manager 
  • Co-ownership trustee 
  • Assistant to the Co-ownership Manager
  • Co-ownership Assistant

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Missions principales

Main Responsibilities

The Co-ownership Manager may have a legal or technical background. His or her tasks are based on three activities:

  • Technical management

The co-ownership manager is responsible for planning and monitoring the work approved at the general meeting. They ensure that all decisions taken by the co-owners are respected. The co-ownership manager is responsible for technical maintenance and the performance of various contracts (insurance, maintenance, etc.). They also deal with routine complaints from co-owners and issue invitations to tender to service providers.

  • Customer relationship management

The co-ownership trustee regularly informs the co-owners of the steps being taken. They are responsible for relations with service providers such as architects and building contractors. This professional is the guarantor of the quality of the administration and continuity of the management mandates in his portfolio./p>

They help to develop the image of the management company they represent, as well as its activity as a syndic. They can also advise co-owners on how to enhance the value of their property.

  • Administrative, financial, accounting and legal management

This involves declaring claims and following up files with insurers. The co-ownership principal prepares and convenes general meetings and union councils. They chair these meetings and draw up the minutes.

In addition, as part of their administrative and financial duties, they will set up and monitor litigation and collection procedures. This involves distributing charges, paying suppliers and monitoring the accounts of the co-ownership. Finally, the property manager draws up and monitors the accounts, budget and cash flow of the buildings.

Competencies & Skills

 

  • Legal knowledge: the co-ownership trustee has a thorough grasp of all aspects of property law. In addition to co-ownership law, they must also be familiar with civil law and taxation. The job requires a good knowledge of the rules governing rental, construction and subletting. It also requires mastery of claims management procedures and knowledge of the laws governing the purchase and sale of property.
  • Works management: this job requires good technical knowledge of building and construction. These include renovation, façade restoration, insulation, maintenance of personal and outdoor spaces, etc.
  • Accounting and budget management: the building manager must master the accounting rules to be able to manage, analyse and carry out the various tasks (calculating the building manager's charges, cash flow, accounts, etc.).
  • Mastery of office automation tools: condominium managers and assistants are much more comfortable carrying out the tasks assigned to them if they are proficient in office automation tools (Word, PowerPoint, Excel, etc.).
  • Proficiency in property management software: proficiency in at least one digital property management tool enables professionals to carry out their day-to-day tasks. With this tool, they can effectively manage the properties they look after. Some of the best-known software tools include SafetyCulture, AppFolio and Innago.
Missions principales

Education & Training

  • Bachelor’s-level diploma in Real Estate Management
  • Bachelor’s-level diploma in Accounting and Financial Management
  • Bachelor’s-level diploma in Business and Retail Management
  • Degree in law or economics
  • Masters in law and real estate

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