Creation of an Effective System of Corporate Management of Jointly Owned Residential Real Estate Objects: Problems and Ways to Solve them

Abstract

The article deals with the management of jointly owned residential real estate objects. The authors identify the main problems faced by the co-owners of such objects, and also offer ways to solve them. One of the main problems is the difference in the needs and standards of maintenance of buildings built in different periods of time. This can lead to conflicts of interests of co-owners, as well as to ineffective management. To overcome this problem, the authors of the article suggest implementing an effective system of corporate governance. The article also considers the issue of choosing a method of conducting work and providing professional services. For this, a comparative analysis of the advantages and disadvantages of the economic and contracting methods was made. Measures are proposed to stimulate the renewal of fixed assets of joint ownership. They believe that this will help to increase the efficiency of management and the comfort of living for the co-owners.