As in all condominiums, the joint representative is chosen by a decision made at the condominium's general meeting. Once the condominium is established and has been operating for at least one year, residents have full discretion to select the joint representative and define the terms of their contract. Metrodom ensures that it will not restrict or hinder any changes to the joint representative. We will not enter into a long-term, fixed-term contract with the initial representative, and after the first year, there will be no financial implications for the condominium regarding this change.

Along with drafting the condominium's final statutes, we also prepare the Organizational and Operational Rules (OOR) and the House Rules. These documents will outline the essential guidelines for condominium living, including the use of common areas, in addition to the legally required sections. All residents will receive a digital copy of the OOR and House Rules upon moving in. Should you wish to amend these rules, they can be modified through a general assembly resolution.

When the condominium is established, a budget proposed by the joint representative is adopted alongside their appointment. This decision is made by either Metrodom or the residents, depending on the development phase of the complex. The budget will outline anticipated expenses, which are allocated to each sub-unit as per the Condominium Act. At the annual general meeting after the condominium's formation, residents are free to determine common expenses. Specific details on expected or, for our completed residential complexes, current common expenses for each of our buildings are available on our website under each condominium.

In short, everything that is necessary for the day-to-day running and operation of the condominium. The most important specific items are:

• the fee for joint representation,
• concierge service,
• caretaker,
• cleaning,
• gardening (plant care, irrigation, etc.),
• waste collection,
• electricity consumption, heating, cooling and cleaning of common areas,
• maintenance of various machines and equipment (elevators, garage doors, boilers, etc.),
• repairs not covered by the warranty or repairs after the expiry of the warranty period.

Metrodom buildings offer numerous communal areas and facilities, which are available to residents at no additional cost, as their use is included within the common costs.

As soon as construction begins, we submit a preliminary deed of incorporation to the land registry, which is noted provisionally on the title deed for the plot. After construction is completed and the occupancy permit is issued, we file the final condominium deed, along with the application for registration and required documents and plans. Based on these submissions, the land registry will formally register the condominium and create individual title deeds for each property, with the condominium legally established retroactively to the issuance date of the occupancy permit. You can read more on this here. Metrodom manages the entire process and covers all associated costs, so there is nothing for you to handle or pay.

Primarily, you will be responsible for the individual consumption within your own home. Charges for heating, cooling, water heating, electricity used for electric vehicle charging, and typically water usage in your apartment will be billed by the condominium based on your actual consumption. Additionally, the renovation fund is typically managed separately from common costs, as determined by the condominium's general assembly.

Practices for handling common costs by property developers vary widely. Metrodom follows a fair and transparent approach. We cover all costs for the building and pay the bills up until possession transfers begin. After handover, we pay the same amount in common charges for unsold units as residents do, without any discounts. Additionally, when the condominium begins operations, we contribute several million forints in advance to the condominium’s account, ensuring a stable financial foundation for the complex’s start-up.

If you are purchasing in a building that has already been handed over, the condominium is already established with a previously elected joint representative. The same applies if you are buying in one of our multi-phase complexes, where newer phases are managed by the joint representative overseeing the existing buildings. However, if you are purchasing a new apartment in the first phase of a new complex that is still under construction, you will be among those deciding on the condominium’s first joint representative. Unlike other developers, Metrodom will appoint the initial joint representative based on the community’s decision and the preferences of future residents.

With the exception of electricity, practically all other utility bills are issued by the condominium. These include:

• heat charge (hot water used for heating),
• cooling charge (cold water used for cooling),
• water heating charge (for heating water used in the bathroom or kitchen),
• domestic hot and cold water (all water used in the bathroom, kitchen),
• the electricity used to charge your electric car.

The condominium individually measures all of your consumption mentioned above, with meters typically read monthly. You are welcome to check the meters yourself if desired. Consumption is billed at the utility company’s unit rate, and the condominium may also charge a monthly base fee for system maintenance and upkeep. Monthly statements, including detailed consumption and itemized charges, are generally provided electronically. The specific billing guidelines are outlined in the condominium’s Organizational and Operational Rules (OOR).