What are the common expenses and costs associated with building management?

HomeFaqsWhat are the common expenses and costs associated with building management?

 Common expenses and costs include building management fees (for service charges issuance or for assigning building management externally) and all expenses related to maintenance works such as cleaning, fire extinguishers maintenance, pest control and so on. Additionally, there may be emergency repairs required for addressing damages or renovation work to upgrade the building (e.g., installing thermal insulation). Finally, it is essential to have insurance for the building manager  third party liability and ideally, property insurance for the common areas of the apartment building.