Property investment is one of the safest ways to invest your money. To take advantage of this system, however, you need to manage your property properly, especially in the case of very large properties. In this particular context, there are a number of management rules that need to be observed if you are to make the most of your investment.
To protect your interests in large properties, you need to ensure that they are suitable for letting. It should be noted that condominiums or buildings with mediocre energy performance (G label, for example) will henceforth be considered as indecent. It will therefore be forbidden to let these properties.
That's why many co-owners go to sites like Hellio (https://copropriete.hellio.com/) to get help with their renovation work. This trend is the result of the new Climate and Resilience Act, passed in August 2021.
It makes the energy performance diagnosis compulsory from 1 January 2024, for condominiums with a building permit issued before 1 January 2013 and with more than 200 lots. This requirement will apply to residential buildings with between 50 and 200 lots from 1 January 2025.
Condominiums built more than 15 years ago must also have a multi-year works plan. Since the beginning of 2024, this requirement has applied to properties containing at least 50 lots. These various measures enable owners and co-owners to maintain their buildings, by carrying out the appropriate renovation work in good time.
Managing large properties requires the services of professionals in the field. These individuals or companies will be responsible for the rental management of the property, including maintenance, letting, dispute management, finding clients, etc. This relieves co-owners of a workload that can be quite heavy on a daily basis.
To make the most of this kind of delegation, it's essential to work with experienced professionals in the field. Co-owners can consult the customer reviews of companies offering to manage their property by visiting their website or web page.
They can also make enquiries by word of mouth, or ask companies to put them in touch with some of their customers. The choice will then be made on the basis of the company's expertise, followed by the cost and content of the services provided.
Like the Climate and Resilience Act, New legislation can mean major changes for owners of large condominiums. They therefore have an obligation to keep constantly informed about the legislation in force. The assistance of professionals (lawyers, accountants, solicitors, etc.) can be useful in this context.
The first thing to do is to carry out an energy performance assessment of your property or draw up a multi-year works plan. You should then consider entrusting the management of the property to professionals, and find out about the applicable regulations.
