Apartment blocks need to have between three and five co-holders of the apartment maintenance fund (Photo: toquoc.vn) Hanoi (VNS/VNA) - The Ministry of Construction’s latestdraft regulations on apartment building management and use stipulates thatthere should be three to five co-holders of the apartment maintenance fund.
They include onerepresentative for the apartment owners, one representative for the investorand other members of the apartment management board up for a vote at an annualconference.
Nguyen Manh Khoi,Deputy Director of the Ministry of Construction’s Housing Management and RealEstate Market Management Agency, said the conference will also decideco-holders of the apartment maintenance fund.
In addition, Khoisaid the withdrawal of funding as required needs approval from all members ofthe apartment management board.
Nguyen Minh Tuan,chief executive officer of VietBuilding Management Co Ltd was quoted by Dien danDoanh nghiep (Business Forum) newspaper as saying that "as a personworking in the management of real-estate and buildings, I think the draft isuseful and should be issued soon."
As a business, Tuansaid VietBuilding currently manages 12 buildings in Times City. Each buildinghas five co-holders of the apartment management fund, including three memberswho are residents of that building, one representative who is the head of theManagement Board and one representative of the investor.
For its otherprojects, it is possible to add one owner of another area, such as commercialand office areas, and management board members decided by the residents.
The investor shouldbe one of the account holders of the apartment maintenance fund, Tuan said.
A representative ofthe HCM City Real Estate Association said the account holders must have atleast two from the apartment management board to avoid abuse of power.Moreover, the State needs to require apartment management companies to provetheir financial ability to afford civil compensation when accidents occur.-VNS/VNA
They include onerepresentative for the apartment owners, one representative for the investorand other members of the apartment management board up for a vote at an annualconference.
Nguyen Manh Khoi,Deputy Director of the Ministry of Construction’s Housing Management and RealEstate Market Management Agency, said the conference will also decideco-holders of the apartment maintenance fund.
In addition, Khoisaid the withdrawal of funding as required needs approval from all members ofthe apartment management board.
Nguyen Minh Tuan,chief executive officer of VietBuilding Management Co Ltd was quoted by Dien danDoanh nghiep (Business Forum) newspaper as saying that "as a personworking in the management of real-estate and buildings, I think the draft isuseful and should be issued soon."
As a business, Tuansaid VietBuilding currently manages 12 buildings in Times City. Each buildinghas five co-holders of the apartment management fund, including three memberswho are residents of that building, one representative who is the head of theManagement Board and one representative of the investor.
For its otherprojects, it is possible to add one owner of another area, such as commercialand office areas, and management board members decided by the residents.
The investor shouldbe one of the account holders of the apartment maintenance fund, Tuan said.
A representative ofthe HCM City Real Estate Association said the account holders must have atleast two from the apartment management board to avoid abuse of power.Moreover, the State needs to require apartment management companies to provetheir financial ability to afford civil compensation when accidents occur.-VNS/VNA
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