Home        About       Blog       Contact
1

Owner Group

Also referred to as: "the Asssociation" or "Corporation".

The entity, person or group of persons who collectively own the assets in a building and make decisions and set policy about the maintenance, repair and renewal of the assets.

The owner group meets periodically and makes significant decisions at:

The owner group elects a board of directors to make day-to-day decisions about the building.



Roles and Responsibilities
Listed below are some of the primary roles and responsibilities of the individual owners/residents:
  • Ensure adequate care is taken around the assets.
  • Ensure that the assets within the units and adjoining common areas are not misused or abused
  • Allow access into their homes to carry out certain maintenance tasks
  • Promptly report any maintenance problems to the organization
  • Other



1
Fig. Owner's attending a general meeting to make decisions about operations of the building.

Read Articles
See also: Compare with:

Stakeholders
Fig. Some of the key stakeholders associated with a building, including the owners, managers, operators and agents.


Every stakeholder has a perspective. ISO 55000 (ISO 55001) helps to align these with corporate and asset management objectives
Fig. Every stake
holder has a perspective. ISO 55000 (ISO 55001) helps to align these with corporate and asset management objectives.


I. Care is trying to get the owners to reach a decision at their general meeting.
Fig. I. Care is trying to get the board to review alternative and to reach a decision at their meeting.


I. Care is reconciling the conflicting opinions and interests of the different owners and stakeholders, including reactive vs. proactive; optimistic vs. pessimistic
Fig. I. Care is reconciling the conflicting opinions and interests of the different owners and stakeholders, including positions that are dichotomized as: reactive vs. proactive; optimistic vs. pessimistic; short-sighted vs. long-sighted; etc
.

(c) Copyright Asset Insights, 2000-2013, All Rights Reserved. - "Insight, foresight and oversight of assets"