WEG basic training

Practical legal knowledge for WEG management

• Basics on the new data privacy in COA management.
• Professional Licensing Ordinance.
• Establishment of the residential property (partition agreement, declaration).
• Special and common property, special rights of use, demarcation problems.
• Sale of residential property.
• Rights and obligations of condominium owners (including modernization measures).
• House and housing allowance, distribution key, formal requirements for annual accounts and business plan, maintenance reserve and special apportionment.
• Property management: including appointment of administrators, statutory duties of the administration and the advisory board.
• Legal requirements for the owners' meeting, decision-making powers.

The WEG meeting

• Preparation, implementation, minutes; implementation of resolutions and follow-up.
• Hybrid owners' meeting.

Organization of administration - operational processing

• Structure of the internal WEG organization: process organization, claims handling, etc.
• IT selection/deployment.
• WEG-relevant insurances: Liability insurance, property damage liability insurance.

Basics: annual financial statements, business plan and accounting

• Accounting basics.
• The fiduciary accounting of the WEG administration.
• Annual accounts, economic plan.
• Administrator: internal contract, regulation of additional fees, securing the economic success of the administration.

Basics of technical property management

• General traffic safety liability as a administrators administrator.
• Janitor support, dealing with tradesmen, property inspection.
• Decision, initiation and implementation of technical measures such as maintenance, repair, refurbishment.