Budget & Financial Statements A condominium board must prepare and distribute annual financial statements for the previous fiscal year and an annual budget for the current fiscal year. A condo corporation’s fiscal year is the 12-month period for which it tracks the expenses and revenues for its operation. The condo corporation must distribute the budget and financial statements to owners and…Read More→
How to Read and Understand Condo Financial Statements It is up to each co-owner to be attentive to the signals sent by the financial statements. Here’s what to watch for. At the end of the condo corporation’s fiscal year, the income statement presents the expenses and contributions of the co-owners. It makes it possible to…Read More→
All condo board members want the best property manager to manage their condos. The challenge with that is two-fold. First, it is not easy to find that property manager to manage the community. We will address this challenge in a separate post. Secondly, there is a challenge is in identifying who that “best property manager” is….Read More→
Property Management Property Management is the managing of properties on a daily basis on behalf of the owner for maximum rental benefits. Such property include commercial, residential, industrial or agricultural real estate. Houses for Rent, apartments, warehouses, condominium units, empty plots, idle land, shopping centers may all be put forward for management. The Property Management concept characteristically involves…Read More→
Types of Land Tenure Systems in Uganda – Land Ownership in Uganda Land in Uganda belongs to the people of Uganda and shall vest in them in accordance with the land tenure systems provided for in this Constitution and therefore land tenure refers to the relationship, whether legally or customarily defined, among people, as individuals or groups,…Read More→
Buying property in Uganda Owning a property is a big commitment and it’s a truckload of work. Property ownership can be a smart long term move, but you want to know what you’re getting into. Purchasing property is a major milestone that tops many people’s lifetime to-do lists. But it certainly doesn’t have to be a…Read More→