Condinium is the world’s first decentralized property management platform for shared residential or commercial communities such as condos, HOAs and commercial properties such as retail malls. It gives control back to the owners without the need for expensive property management agents or unscrupulous HOA boards.
Condo owners save $000s each year in maintenance charge payments with Condinium. Condinium eliminates the need for external property managers
Full transparency of all costs incurred, and accurate cost projection forecasts that enable improved budget planning
Cost effective and fast dispute resolution that eliminates the need for costly legal advice or litigation proceedings
Improved communities and friendlier neighborhoods as members connect and manage their condo facilities and common areas
All members of the condo community are responsible for governance and oversight for all matters relating to expenditure and the state of common amenities
Speed and value for money repairs and maintenance request that are raised by owners.
Condo owners are being overcharged billions of dollars each year in excessive maintenance charge fees which are estimated to be as high as 60% above fair value
Condo owners have no mechanism to determine whether the costs they are incurring for maintenance and repair of their condo amenities represent competitive fair value
When disputes arise in condo communities they can be ugly affairs that are very expensive, stressful and time-consuming
Condo owners are unable to raise repair and maintenance requests without having to go through their central HOA committee or a property manager. Not only does this cost more money but it takes an average of 6 weeks before works are carried out
Understanding what is covered by the condo community insurance and personal building insurance is complex process. Usually condo owners do not have the level of cover they expected or thought they had which results in unexpected costs being incurred