Management, condominium owners’ committee and budget

What is the role of a condominium owners’ committee in Israel?

The committee represents owners in routine management, within the law, registered bylaws and properly adopted resolutions.

The representative committee coordinates decisions, contracts necessary suppliers, follows payments and represents the building in ordinary matters. It should act within its authority and keep a budget, approvals and supporting documents.

A professional property management company does not eliminate the committee. It provides operating procedures, supplier control, reports and resident service while the committee keeps oversight and decisions reserved to the owners.

In practice, the building should define who may approve expenditure, what evidence is required before payment and how owners are informed. ALTIT LUXURY structures this process, centralises the information and brings decisions requiring approval to the condominium owners’ committee.

Three points to check

  • Written division of authority
  • Expenditure approval procedure
  • Periodic owner reporting

Official and professional sources

These links are provided for further reading. Always check the authority’s website for the latest version and instructions.