D. Organisation

I. Assembly of condominium owners

1. Competence and legal status

¹ In addition to those rights stipulated in other provisions, the assembly of condominium owners has the following rights in particular:

1.

to decide on all administrative matters outside the administrator’s remit;

2.

to appoint the administrator and supervise his or her activities;

3.

to elect a committee or person to whom it may delegate administrative matters, including in particular the tasks of advising the administrator, superintending his or her management activities, and reporting and making recommendations to the assembly on such matters;

4.

to approve the budget, accounts and divaision of costs among the condominium owners each year;

5.

to establish a renovation fund for maintenance and renovation;

6.

to safeguard the building against fire and other risks and to take out the customary liability insurance and, furthermore, to require any condominium owner who has fitted his or her unit out at extraordinary expense to pay an additional premium unless he or she has arranged supplementary insurance for his or her own account.

² In the absence of any specific provisions in the law, the assembly of condominium owners and its delegates are subject to the provisions on governing bodies of associations and challenges to resolutions of associations.