WEG reform: what property managers and consumers should consider – economy

Apartment owners associations (WEG) will now have the right to appoint an “approved administrator”. The term was introduced as part of the reform of the law on co-ownership (WEMoG), which entered into force on December 1, 2020. With this new regulation, the legislator wants to at least partially resolve a major grievance: the administrators are responsible for more than ten million condominiums in Germany, but so far have not had to provide any proof of qualification. That should change now. Certification is linked to certain rights and obligations that owners and managers should be aware of. It’s worth looking at the details.

Related Articles

Back to top button