Understand your
community's
finances
A practical workshop for homeowners association presidents and property owners who want to read annual accounts clearly, understand special assessments, and know their rights under the Horizontal Property Act — without needing a law degree.
Content Only
Financial clarity for every homeowner
Most residents receive their community's annual accounts and feel uncertain about what they're looking at. The numbers are there, but the context is missing. This workshop fills that gap — not by doing the accounting for you, but by teaching you how to read it yourself.
We cover the structure of community budgets, how to spot irregularities in expense reporting, what the law requires from administrators, and how to evaluate whether your current property manager is meeting their obligations. The content is entirely educational.
No administration services are provided. The goal is informed participation, not dependency.
Who is this for?
Four core areas of knowledge
Each topic is covered with practical examples drawn from real community situations. Theory and application together.
Learn to interpret income statements, expense breakdowns, reserve fund balances, and pending debt reports. Know what questions to ask at the general assembly.
Understand when a derrama is legally justified, how costs are distributed among owners, and what your rights are if you disagree with the amount or purpose.
The Horizontal Property Act defines what community members can and cannot do. We explain key provisions in plain language — from voting rights to maintenance obligations.
Practical criteria for evaluating administrator candidates: what qualifications to look for, what questions to ask, what a good contract should include, and red flags to avoid.
Explore the programme
Reading community financial statements
Annual accounts in homeowners communities follow a recognisable structure, but the terminology can be opaque. This section walks through each line item — from ordinary income (community fees) to extraordinary expenses — and explains what each figure represents in practical terms.
- Income statement: fees collected vs. pending
- Expense categories and how to verify them
- Reserve fund: legal requirements and current status
- How to request supporting documentation
When and how special assessments work
A special assessment (derrama) is an extraordinary charge beyond regular fees. Not all derramas are equal — some are legally required, others are optional, and the rules for approving them differ. Understanding the difference protects your rights.
- Legal basis for calling a derrama
- How costs are distributed by ownership coefficient
- Challenging an assessment you believe is irregular
Your rights and obligations under the LPH
The Ley de Propiedad Horizontal (LPH) governs how communities of property owners operate in Spain. It covers assembly rules, voting thresholds, president responsibilities, and what happens when owners fall into arrears.
- Voting rules: ordinary vs. qualified majority
- President's role and how to call assemblies
- Owner obligations: fees, maintenance, modifications
- Dispute resolution pathways
How to evaluate and select a property manager
Choosing an administrador de fincas is one of the most consequential decisions a community makes. This section provides a structured framework for the evaluation process — what credentials to verify, what service levels to expect, and how to read a management contract.
- Professional qualifications and collegiate membership
- Questions to ask before signing a contract
- Key contract clauses to review carefully
- Signs of good and poor administration
Where learning happens
Ready to understand your community's accounts?
The workshop is designed for people with no accounting background. If you can read a receipt, you can learn to read a community budget.