Mandatory Management for Apartment Complexes with Fewer Than 150 Households if Residents Agree

[Asia Economy Reporter Yoo In-ho] Small to medium-sized apartment complexes with fewer than 150 households can now be converted to mandatory management status with the consent of residents.

The Ministry of Land, Infrastructure and Transport announced on the 24th that it will implement amendments to the Enforcement Decree and Enforcement Rules of the Apartment Management Act, including this provision.

According to the Ministry, apartment complexes with fewer than 150 households that are not currently subject to mandatory management can be converted to mandatory management status if more than two-thirds of the residents agree.

Until now, only apartment complexes with 300 or more households and mixed-use buildings with 150 or more households were designated as mandatory management targets. However, going forward, non-mandatory management apartment complexes can also be converted to mandatory management status if residents agree.

When converted to mandatory management status, a housing manager must be appointed, enabling efficient management, although the burden of management fees may increase somewhat. Therefore, conversion will only occur with the consent of the residents.

An apartment complex converted to mandatory management status can be excluded from mandatory management again if more than two-thirds of the residents agree.

The amendment also includes provisions allowing users (tenants), not just residents (owners), to be elected as representatives of each building unit.

Furthermore, while representatives of each building unit were previously limited to residents living in the apartment complex, if there are no resident candidates or no elected representatives after two election announcements, the election announcement will be repeated, allowing users to be elected as representatives.

In the amendment, residents refer to owners or their spouses and direct lineal relatives acting on their behalf, and users are limited to users or their spouses and direct lineal relatives acting on their behalf.

This content was produced with the assistance of AI translation services.