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Prelude: The Sophienhof and WEG management by the ABG Frankfurt

Now, therefore, have collected enough topics to start a blog that reports to and after some experience in a passive house apartment in Frankfurt Sophienhof. will
As a prelude I now a little bit about the WEG management by the ABG Frankfurt Holding .

As with any other apartment community owner, there are also Sophienhof an administration, for example, the owner performs the annual HOA fee billing and repairs of common property. also not unusual to be completed by the builder before handing over the flats to the owners end of 2006 a contract with the Government.

For this management agreement by the FAAG the ABG Frankfurt Holding, ie the parent company of FAAG selected. The management agreement is therefore signed for FAAG on one side by the lawyer Frank Junker as a board and on the other side of Frank Junker as CEO of ABG.
The contract is for 5 years, which at that time, the legal maximum duration of contracts, but also a period that coincides with the contracted warranty period for the condominiums. The management agreement includes a clause so that it can be terminated only for cause. The hurdles for the termination of a WEG Administrator for good cause are quite high, embezzlement and criminal acts such as belong to it (see, for example caretaker ABC). The management fee for apartment plus parking space is 43% higher than that of the Manager, the is selected later by the owner (or 30% of the remuneration of the second on the short list have come administrator). Decides After about two and a half years, a consensus (of two) sub-community of the owner, the ABG for good cause to recall, " especially for non-or poor performance, conflict of interest and risk of asserting defect claims." The other sub-community decides later the early termination of the management contract, after the ABG agreed to a proposal, presented by premature termination.

So much for the match - more to follow at a later time management
Some more interesting links at the end -. the description of immorality on Wikipedia where is cited as an example " the excessive use of economic power .

Up next time - because it will go to accessibility ...