Property management authority ()
Definition: The Property Management Authority role involves overseeing and managing properties, ensuring they comply with all relevant European tax regulations. This includes handling property-related financial transactions, maintaining accurate records, and ensuring timely payment of property taxes. Additionally, this role involves assessing and managing risks associated with property ownership, including changes in tax laws. As an ArchiMate business role, it also includes the responsibility of aligning property management strategies with overall business goals, and ensuring that all property management activities are carried out efficiently and effectively. Source: EIRA team Additional information: The Property Management Authority role is responsible for the oversight, control, and administration of residential, commercial, and/or industrial real estate. This includes managing the day-to-day activities related to the property such as maintenance, rent collection, and tenant relations. In the context of European Taxes Regulation, this role also involves ensuring compliance with all relevant tax laws and regulations. This includes accurately calculating and timely payment of property taxes, VAT, and other applicable taxes. The Property Management Authority must also keep up-to-date records of all transactions and financial activities related to the property for auditing purposes. Furthermore, the Property Management Authority is responsible for understanding and applying any tax benefits or deductions that may be available, such as those related to property depreciation or energy efficiency improvements. They must also be aware of any changes in tax laws or regulations that could impact the property or its financial performance. As an Archimate business role, the Property Management Authority is also responsible for aligning the property management activities with the overall business strategy and objectives. This includes ensuring that the property is utilized in a way that supports the business goals, and that any risks or issues are identified and addressed in a timely manner. The Property Management Authority must also work closely with other business roles, such as the Financial Manager and Legal Advisor, to ensure that all property management activities are carried out in a way that is legally compliant and financially sound. In summary, the Property Management Authority plays a crucial role in managing the property and ensuring compliance with European Taxes Regulation, while also supporting the overall business strategy and objectives. Example: 1. Overseeing and managing residential, commercial, or industrial real estate: This includes apartments, detached houses, condominium units, and shopping centers. The property management authority ensures that the properties are in good condition, safe, and well-maintained. 2. Setting, collecting, and adjusting rent: The authority is responsible for determining the optimal rent rates that attract tenants while maximizing income. They also ensure timely collection of rent and may adjust the rent by a fixed percentage each year, according to individual state/country laws. 3. Managing tenants: This includes finding and screening prospective tenants, handling leases, dealing with complaints, managing eviction procedures, and handling move-outs and vacancies. 4. Maintenance and repairs: The authority ensures that the property is in a safe and habitable condition. They are responsible for physical management of the structures and outdoor areas, including regular maintenance and emergency repairs. 5. Supervising: Other employees, contractors, or teams (such as security or janitorial staff) may be directly supervised by the property management authority. They are responsible for ensuring that all employees perform their duties to a satisfactory level and maintain the property effectively. 6. Managing budget and maintaining records: The authority is responsible for managing the budget for the property, including setting budget limits for various expenses such as maintenance and repairs. They also keep thorough records of all income and expenses, inspections, signed leases, maintenance requests, complaints, repairs, rent collection, and insurance costs. 7. Ensuring compliance with laws and regulations: The property management authority must ensure that all property management activities comply with national and local laws. This includes keeping up to date with land use laws, health and safety regulations, and fair housing laws. 8. Tax management: The authority is responsible for managing and overseeing the tax obligations of the property, ensuring that all necessary taxes are paid on time and in compliance with European tax regulations. LOST view: OV-Digital Public Service Providers Identifier: http://data.europa.eu/dr8/egovera/PropertyManagementAuthorityBusinessActor EIRA traceability: eira:DigitalPublicServiceDeliveryConsumerBusinessRole ABB name: egovera:PropertyManagementAuthorityBusinessActor EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-07-27 dct:identifier: http://data.europa.eu/dr8/egovera/PropertyManagementAuthorityBusinessActor dct:title: Property Management Authority Business-actor
eira:PURIhttp://data.europa.eu/dr8/egovera/PropertyManagementAuthorityBusinessActor
eira:ABBeira:DigitalPublicServiceDeliveryConsumerBusinessRole
dct:modified2023-07-27
dct:identifierhttp://data.europa.eu/dr8/egovera/PropertyManagementAuthorityBusinessActor
dct:typeegovera:PropertyManagementAuthorityBusinessActor
dct:titleProperty Management Authority Business-actor
eira:definitionSourceEIRA team
eira:definitionSourceReference
skos:example1. Overseeing and managing residential, commercial, or industrial real estate: This includes apartments, detached houses, condominium units, and shopping centers. The property management authority ensures that the properties are in good condition, safe, and well-maintained. 2. Setting, collecting, and adjusting rent: The authority is responsible for determining the optimal rent rates that attract tenants while maximizing income. They also ensure timely collection of rent and may adjust the rent by a fixed percentage each year, according to individual state/country laws. 3. Managing tenants: This includes finding and screening prospective tenants, handling leases, dealing with complaints, managing eviction procedures, and handling move-outs and vacancies. 4. Maintenance and repairs: The authority ensures that the property is in a safe and habitable condition. They are responsible for physical management of the structures and outdoor areas, including regular maintenance and emergency repairs. 5. Supervising: Other employees, contractors, or teams (such as security or janitorial staff) may be directly supervised by the property management authority. They are responsible for ensuring that all employees perform their duties to a satisfactory level and maintain the property effectively. 6. Managing budget and maintaining records: The authority is responsible for managing the budget for the property, including setting budget limits for various expenses such as maintenance and repairs. They also keep thorough records of all income and expenses, inspections, signed leases, maintenance requests, complaints, repairs, rent collection, and insurance costs. 7. Ensuring compliance with laws and regulations: The property management authority must ensure that all property management activities comply with national and local laws. This includes keeping up to date with land use laws, health and safety regulations, and fair housing laws. 8. Tax management: The authority is responsible for managing and overseeing the tax obligations of the property, ensuring that all necessary taxes are paid on time and in compliance with European tax regulations.
eira:concepteira:ArchitectureBuildingBlock
skos:noteThe Property Management Authority role is responsible for the oversight, control, and administration of residential, commercial, and/or industrial real estate. This includes managing the day-to-day activities related to the property such as maintenance, rent collection, and tenant relations. In the context of European Taxes Regulation, this role also involves ensuring compliance with all relevant tax laws and regulations. This includes accurately calculating and timely payment of property taxes, VAT, and other applicable taxes. The Property Management Authority must also keep up-to-date records of all transactions and financial activities related to the property for auditing purposes. Furthermore, the Property Management Authority is responsible for understanding and applying any tax benefits or deductions that may be available, such as those related to property depreciation or energy efficiency improvements. They must also be aware of any changes in tax laws or regulations that could impact the property or its financial performance. As an Archimate business role, the Property Management Authority is also responsible for aligning the property management activities with the overall business strategy and objectives. This includes ensuring that the property is utilized in a way that supports the business goals, and that any risks or issues are identified and addressed in a timely manner. The Property Management Authority must also work closely with other business roles, such as the Financial Manager and Legal Advisor, to ensure that all property management activities are carried out in a way that is legally compliant and financially sound. In summary, the Property Management Authority plays a crucial role in managing the property and ensuring compliance with European Taxes Regulation, while also supporting the overall business strategy and objectives.
skos:definitionThe Property Management Authority role involves overseeing and managing properties, ensuring they comply with all relevant European tax regulations. This includes handling property-related financial transactions, maintaining accurate records, and ensuring timely payment of property taxes. Additionally, this role involves assessing and managing risks associated with property ownership, including changes in tax laws. As an ArchiMate business role, it also includes the responsibility of aligning property management strategies with overall business goals, and ensuring that all property management activities are carried out efficiently and effectively.
eira:viewOV-Digital Public Service Providers