Article 28. Contract for management of a multi-apartment house

The contract for management of a multi-apartment house is concluded between the management organization or manager and the owners of premises in accordance with the requirements of this Law, in written form with each owner of a premise on the conditions indicated in the decision of the general meeting.

Under the contract for management of a multi-apartment house, the management organization or manager, at the task of the owners of premises, undertakes for a fee to provide services and (or) perform works on management, proper maintenance, operation, and repair of common property, and to carry out other activity aimed at achieving the goals of management of the multi-apartment house during the agreed term.

The contract for management of a multi-apartment house must indicate:

the composition of the common property to be managed, and the address of the multi-apartment house;

the list of services and works on maintenance, operation, and repair of common property, and the procedure for changing this list;

the procedure for determining the price of the contract, as well as the procedure for making the payment;

the procedure for exercising control over the fulfillment of obligations under the management contract by the management organization or manager;

the procedure and terms for reporting on the works performed and services provided.

The contract for management of a multi-apartment house is concluded for a term of not less than one year, but not more than five years.

In the absence of a statement from one of the parties about the termination of the contract for management of a multi-apartment house upon expiration of its term, such a contract is considered extended for the same term and on the same conditions as were provided for by that contract.

Owners of premises of a multi-apartment house, based on a decision of the general meeting, have the right to unilaterally refuse to execute the contract for management of a multi-apartment house if the management organization or manager fails to fulfill the conditions of such a contract, and to adopt a decision on the choice of a different management organization or manager.

The management organization or manager, within three working days from the day of termination of the contract for management of a multi-apartment house, is obliged to transfer the technical documentation for the multi-apartment house and other documents related to the management of the house, remaining monetary funds, keys to premises included in the composition of common property, and other technical means and equipment necessary for the operation and management of the multi-apartment house, to the newly chosen management organization or manager or the owner of the premise in the multi-apartment house indicated in the decision of the general meeting.