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Tasks and powers of the management advisory board
According to Section 29 (1), the appointment of an administrative advisory board is not mandatory. However, if an advisory board is appointed, it usually consists of three members and is determined by majority resolution. However, a different composition is permissible. The duration of the appointment and the reimbursement of expenses may also be determined by majority resolution.
Audit of the business plan and the annual financial statement
The primary duty of the management advisory board is to support and monitor the manager. The tasks of the advisory board include formally reviewing the business plan and the annual financial statement and providing an opinion. This opinion can be given verbally or in writing. However, it is important to note that the management advisory board has no rights to issue instructions to the manager.
Other tasks of the management advisory board
Apart from signing the minutes and convening an owners' meeting (section 24(3)(6)), the management advisory board has no other mandatory duties. However, the advisory board may assist the administrator in an advisory capacity in the performance of its duties and, if necessary, make suggestions for improving the administration activities.
Misunderstandings regarding the powers of the management advisory board
A common misunderstanding is that the management advisory board has rights to issue instructions to the administrator. However, this is not the case. The advisory board merely has the task of supporting and monitoring the administrator. However, the administrator remains responsible for the management activities and the implementation of the resolutions of the owners' meeting.
The change to Ralph is uncomplicated.
Do you already know Ralph?
Ralph combines software with experience. We automate many of the repetitive processes of property management with our proprietary software. This allows us to free up our experienced property managers so that they can concentrate on the essentials and have more time for the customers. Our strength is to proactively drive diverse issues at the same time and to manage even complex refurbishments.
In addition, WEG management through Ralph has some unique advantages:
- On-time billing or money back: With Ralph, you will receive your WEG annual statement by the end of June at the latest or we will stop our current bills. You also have "live" insight into any finances throughout.
- Responsiveness with 24h response guarantee: We are available from 09-19:00 -- whether by phone, email or via WhatsApp, etc. We guaranteed answers within 24 hours. Of course, each object has a personal supervisor.
- Possibility of digital ETV and dashboard: Ralph has his own team of developers and his own software. As an owner, you can always view not only all important documents via a dashboard, but also follow live how advanced tasks we are working on are in the process. Of course, you can also participate digitally in the ETV and even conveniently vote digitally in advance.
- Free switch, cancel at any time: We don't want to work for clients because they are tied up in contracts, but because they count on Ralph. If you are not satisfied, you as the client can get out of our contract at any time - no questions asked. In addition, switching to Ralph is free of charge and we will assist in organizing the ETV if requested.
The advantage of Ralph is that, compared to a classic administration, money can be saved thanks to the automations in the background, despite the better and faster service.
Want to learn more about Ralph? Request your free quote now. Do you have any further questions? Contact us at any time. We look forward to hearing from you and answer every inquiry personally!
