Business Projects in Apartment and Site Management: Obligation or Preference?

In

our country, apartment and site administrations operate according to the rules established under the law on condominium. However, apartment and site administrations do not have a clear legal obligation to draw up business projects or plans. So, are business projects or plans a necessity or a preference?

First of all, it should be noted that considering that apartment and site administrations are boards that act on behalf of apartment owners, it is extremely important that they act in a transparent and accountable manner. In this context, drawing up business projects or plans can be useful in order to carry out management activities more regularly and effectively.

Business projects or plans usually include management's goals for the coming period, financial position, income and expenses, work to be done, and decisions to be made. These documents provide floor owners with the opportunity to explain the vision and strategies of the board and promote a participatory understanding of management.

In addition, business projects or plans are also important in terms of regular keeping of financial accounts and maintaining a balance of income-expenses. Management can be more disciplined in matters such as budget planning and reporting expenses in a specific order and provide accountability to floor owners

.

However, since there is no clear legal obligation in Turkey in this regard, the preparation of business projects or plans usually depends on the choice of the boards of directors. Some administrations may prefer to prepare such documents by adopting a more professional approach, while others may adopt a more straightforward management

approach.

As a result, although apartment and site administrations do not have a legal obligation to draw up business projects or plans, the preparation of such documents can make management activities more orderly and transparent. Therefore, it is important for each board of directors to determine the most appropriate approach, assessing its own situation

.

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