Fill in the Blank Co-ownership in French Apartment Buildings

The Syndic or Managing Agent is both the manager of the building and the regulator of relationships between ______, service suppliers, and the insurance company responsible for the dommage ouvrage

French law defines in great detail both the rights of apartment owners within a Copropriété - a residence or immobilier or building split into separate and physically distinct apartments - as well as their responsibilities to other ______

It is the responsibility of each owner to understand the rights and the responsibilities detailed by the ______

Duties of Copropriétaires (or: owners) It is the responsibility of each owner to understand the rights and the responsibilities detailed by the ______

The Syndic or Managing Agent is both the manager of the building and the regulator of relationships between owners, service suppliers, and the insurance company responsible for the ______

When buying an apartment in France, it is important to understand the way that ______ works for apartment buildings

The day-to-day safety and management of an apartment building is the joint responsibility of all the owners within a building defined as a ________.

An owner who buys an apartment with the intention of renting it out should notify the Syndic of their ________ address.

The owner remains responsible for their tenant's behavior and the payment of all ________ charges.

The Syndic does not recognize tenants, only owners with ________.

Each year, the owners agree a budget with the Syndic for the management cost of the ________ building.

Each apartment, storeroom, and parking place represents so many shares of the whole, and this is the basis of the service charge assessment of the individual ________.

The defaulting owner must then pay all collection charges, including ________ fees.

The final sanction for a defaulting owner is the ________ of the apartment to meet these expenses.

Owners must hold at least one Assemblée Générale (AG) or General Assembly of Owners per year to decide on the maintenance, repair, or improvement of the ________.

Under French property law, only the Syndic has the executive authority and the legal power to collect service charges agreed at the AG and proceed legally against those that have not ________.

The Syndic must keep all necessary records of the building, including the addresses and voting rights of owners, changes of ownership of apartments within the building, insurance and service contracts, and payments authorised and made. The Syndic should ideally maintain a separate bank account in the name of the building (the Bonnemaison law) and this separate bank account must itemise all sums and values received on behalf of the building, as well as all those paid out of it. The Syndic's accounts of the building itself must show an up-to-date record of all service charges, and especially any ______.

The Syndic is responsible for calling the AG within six months of the financial year end of the Coproprit, and delivering to all owners' 15 days before the AG the completed accounts for the previous year, a budget for the coming year, and an agenda for the AG. Within six days of the receipt of the Agenda, owners can require the Syndic by registered letter to add items to the Agenda of the AG. Remember that matters not on the Agenda cannot be discussed at the AG, and any discussions or decisions on such matters have no legal authority. The Syndic must make their office available on a defined day after the calling of the meeting but before the AG itself, all records of the Coproprit for any owner who wishes to inspect them. In addition to the bank records, these must include supporting documentation for common expenses such as invoices, contracts, and the ______.

The Syndic acts as secretary to the AG and sends out to all owners the proces-verbal (minutes of the meeting) within a maximum two months of the holding of the AG. These minutes must show those owners physically present, those represented, decisions taken and votes in favour and against each decision. The Syndic also has the authority to take such actions as are necessary to preserve the integrity of the building, especially where the action or inaction of an owner is causing - or may cause - problems. Where possible the Syndic will notify such owners by registered letter before any such action is taken. If the urgency of the situation does not allow that time, the Syndic has the right to enter such an apartment and carry out whatever work is needed at the expense of the ______.

Owners from amongst their members elect the CS. At the AG two of these normally act as President of the Meeting and Scrutineer of the Votes, with the Syndic acting as ______ of the meeting.

In certain circumstances, individual members of the CS also act as ______ for the Syndic, taking specific responsibility for overseeing the cleaners of the building, gardeners etc.

The CS has no executive authority but acts as adviser to the Syndic, and as the main communication link between owners and Syndic. In certain circumstances, individual members of the CS also act as ______ for the Syndic, taking specific responsibility for overseeing the cleaners of the building, gardeners etc.

The CS has no executive authority but acts as ______ to the Syndic, and as the main communication link between owners and Syndic.