How is transparent building management created?
Through budgets, evidence, reports, request status and organised document access — not only messages in a WhatsApp group.
Transparency includes income and expenditure, balances, arrears, suppliers, contract expiry, open tasks and adopted resolutions. Each fault should have a reference, owner, status and closure record.
A digital system is useful only when maintained. The property management company should follow every request to closure, protect personal information and give the committee a readable operational picture.
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
- Monthly or quarterly report
- Contract and invoice archive
- Request and incident register
Official and professional sources
- Land Registration and Settlement of Rights Authority — Israeli Ministry of Justice
- Israeli Privacy Protection Authority
These links are provided for further reading. Always check the authority’s website for the latest version and instructions.