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There are numerous concerns surrounding the liquidators and the condominium administrators, from the coexistence of the tenants to administrative activities. However, of all these concerns, accountability stands out.
For this reason, in partnership with Group Educa - the largest platform for property management courses - we have prepared the content below to highlight some basic aspects of this subject in condominium life nova city housing society islamabad payment plan.
Art. 1.348. It is the responsibility of the liquidator:
VIII - to render accounts to the meeting, annually and when required;
Therefore, in view of the exercise of administrative activities, accountability is incumbent on the person who has the position of liquidator.
Regarding accountability, it is essential to understand that:
1) Once a month, the condominium administrator must present to the supervisor the accountability folder for the month's (previous) movement.
Note: The folder can be physical or digital. In addition, tenants can also access. This reinforces transparency in condominium management
Even after the accounts have been approved, it is entirely possible for them to be revisited.
The term for such annulment (in case of coercion, intent or error) is 4 years, while for the other cases it is 2 years.
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Art. 178. The period of decadence to plead for the annulment of the legal business is four years, counting:
I - in the case of duress, on the day it ceases;
II - the number of errors, fraud, fraud against creditors, danger or injury, on the day on which the legal transaction took place;
III - the number of acts of the incapacitated, on the day on which the incapacity ceases.
And still:
Art. 179. When the law provides that a certain act is annullable, without establishing a deadline to plead for annulment, this will be two years, counting from the date of conclusion of the act.
In the condominium administration, we know the fiscal council , which is a very important organ in the rendering of accounts, having the role of verifying.
Source: Tajarat.com.pk
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