What is the difference between a condominium owners’ committee and a property management company?
The committee represents the owners; the management company performs and coordinates work under its agreement and the building’s resolutions.
The committee sets direction, participates in budget approval and supervises on behalf of owners. The property management company manages suppliers, faults, collection, maintenance, reporting and resident service within the agreed scope.
The agreement should define included services, spending limits, exceptional approvals, supplier selection, reporting frequency and emergency response. Clear boundaries prevent both gaps and duplicated responsibility.
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
- Detailed management agreement
- Approval thresholds
- Service levels and reporting
Official and professional sources
These links are provided for further reading. Always check the authority’s website for the latest version and instructions.