Condominium trustees, property managers and real estate management companies established in Monaco. They manage buildings and flats for their owners or on their own account.
Property Managers / Building Managers in Monaco: what you need to know
Condominium trustees and property managers
The condominium trustee manages the common areas of a building on behalf of all the co-owners: maintenance, contracts, budget, general meetings. The property manager looks after a property for an owner: letting, collection of rents, supervision of works. Several firms in the category practise both trades.
Real estate companies
The category also includes companies that own, administer and operate their own buildings, and let out the homes or premises. They fall in particular under codes 6820G Accommodation rental and 6832G. Each company's profile states whether it manages on behalf of third parties or its own properties.
Neighbouring categories
The sale and rental of property fall under real estate agencies. For the routine upkeep of common areas, condominium trustees often call on Cleaning Services companies.
Frequently asked questions
What is the role of a condominium trustee?
The trustee manages the common areas on behalf of the co-owners: carrying out the decisions of the general meeting, overseeing maintenance and works, keeping the condominium's accounts and managing the building's contracts.
What does a property manager do?
The property manager looks after a home or premises for its owner: choosing the tenant, the lease, collection of rents, supervision of repairs. The manager acts under a mandate that sets out the duties and the remuneration.
Why are real estate companies listed in this category?
Some companies established in Monaco own and administer their own buildings, and let out the homes or premises. They manage their own properties rather than those of third parties; their profile describes their activity.
