What is a co-ownership trustee?

A co-ownership trustee is a natural or legal person responsible for the administrative, financial and technical management of a co-owned building. When a building is divided into several lots held by different owners, it is governed by the co-ownership system.

Each owner has his or her own private lot (flat, commercial premises, car park, etc.) and also owns a share of the building's common areas (entrance hall, staircases, communal garden, etc.).

The co-ownership trustee is appointed by the general meeting of co-owners to represent the co-ownership and manage the building on a day-to-day basis.

Our main tasks are as follows:

1. Administrative management: Our syndic is responsible for keeping the co-ownership's documents, such as the maintenance booklet, the minutes of general meetings, the co-owners' registers, etc. We are also responsible for correspondence with co-owners and third parties. We are also responsible for correspondence with co-owners and third parties..

2. Financial management: Our syndic draws up the provisional budget for the co-ownership in consultation with the co-ownership council (if there is one). We collect the charges from the co-owners and pay the building's ongoing expenses, such as maintenance, water, electricity and insurance.

3. Technical management: Our syndic organises maintenance and repairs to the building. We call in service providers to carry out the work required to keep the building and its communal facilities in good working order (lifts, central heating, roofing, etc.).

4. General meetings: Our syndic convenes general meetings, prepares the agenda in consultation with the union council (where applicable) and chairs the meeting. He informs the co-owners of the decisions taken at the meeting.

It's important to choose a competent and transparent syndic to ensure efficient and harmonious management of your co-owned property, so contact our agency to request a quote for your co-ownership!