Key challenges for co-owners

Being a co-owner means sharing a common space, responsibilities and decisions.

Understanding the challenges of condominium living

While condominium living offers several advantages — security, shared maintenance and stability — it also comes with collective and financial challenges. At Gestion Aura, we help co-owners and syndicates navigate these issues with clarity, transparency and rigour, so that each building remains healthy, sustainable and harmonious.

Issue 1: Financial planning

One of the biggest challenges for a condominium association is long-term budget planning. Too often, condominiums underestimate maintenance costs, resulting in high special assessments when unforeseen work is required.

Prudent management consists of:

• establish a realistic annual budget;

• maintain a provident fund in accordance with Law 16 ;

• plan major work in advance;

• adjust contributions fairly.

Gestion Aura assists boards of directors in developing accurate budgets and analyzing the syndicate's financial health, promoting stability for all co-owners.

Challenge 2: Communication and transparency

Good relations between co-owners are based on clear, consistent communication. Misunderstandings or lack of information can lead to tensions, especially when it comes to work or increased expenses.

To prevent these situations, Gestion Aura is implementing:

• periodic reports accessible to all co-owners;

• clear follow-ups after each meeting;

• a digital portal providing access to essential documents.

This transparency creates a climate of trust and significantly reduces internal conflicts.

Issue 3: Legal and regulatory compliance

The proliferation of new laws, such as Law 16 , requires unions to comply with increasingly precise rules. From holding general meetings to updating maintenance logs, administrative rigor is becoming essential.

Gestion Aura ensures that each building complies with legal and administrative requirements:

• coordination with the relevant professionals to ensure the production and updating of the maintenance log and study of the pension fund;

• assistance in drafting the certificate on the state of the co-ownership;

• assistance with all other legal and administrative procedures.

Compliant management not only protects the value of the building but also the board of directors' civil liability.

Challenge 4: Heritage enhancement

Preventive maintenance and long-term planning have a direct impact on the resale value of units. A well-maintained, well-managed building with sound governance attracts more potential buyers and tenants.

At Gestion Aura, we consider each condominium as a collective investment. Our interventions aim not only to maintain the comfort of the occupants but also to preserve the value of the real estate asset for all the co-owners.

Issue 5: Human resource management

Condominium ownership is also about human relationships. Decisions, disagreements, and emergencies must be handled with diplomacy and responsiveness. Our approach promotes human-centred management, based on listening, availability, and the search for sustainable solutions.

Each building has its own rhythm, culture and priorities. Gestion Aura adapts to these realities through a personalized approach, so that each co-owner feels heard and respected.

Get ahead with Aura Management

The challenges of condominium ownership are inevitable, but they can be transformed into growth opportunities through proactive and people-centred management. Partner with Gestion Aura for a strong, transparent, and well-structured condominium. Contact us today to discuss your building's challenges and discover our customized solutions.