Implementation of the Business Project


According to the law of the Law on Condominium No. 634;


Article 37 — (Modified: 13/4/1983 - 2814/12 d.)

If there is no business project accepted by the establishment of the owners of the floors, the manager makes a business project without delay.

In this project, in particular:

a) The estimated amounts of income and expenses in the one-year management of the parent property;

b) The estimated amount to be deducted from all expenses to each floor owner according to the principles in article 20 of this Law;

c) the amount of advance that each floor owner must make in accordance with the principles set out in Article 20 in order to cover the estimated expenses and other possible expenses;

is shown.

This project is notified to the owners of the floors or to those who actually benefit from the independent part, in exchange for their signature or by letter of commitment. If the project is contested within seven days starting from the notification, the situation is examined in the floor owners' board and a decision is made about the project, if necessary, a new project is prepared

.

Finalized business projects or decisions of the board of apartment owners on operating expenses are counted from the documents specified in paragraph 1 of Article 68 of the Law on Enforcement and Bankruptcy.






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