As of 1 January 2018, a new government decree (Decree) entered into force on the detailed regulations of the commercial activities of condominium managers, real estate managers, real estate agents, property evaluators and agents. In case of providing such activities on a commercial basis, the real estate company supervisor authority, i.e. the district and the county government offices or the notary of the municipality of the competent town must be notified. The content of the notification is also detailed by the new provisions.
The Decree states that service provider activities may be performed by a natural person or a business association complying with special requirements (e.g. specific qualification or scope of activity).
The authority must keep a register on the service providers and the new laws determine also the cases when the authority must cancel the service provider from the register or forbid the service provider to provide activities.
By Gabriella Galik, Partner, KCG Partners Law Firm
