Rental of Property by the House Committee
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Question
Hello, I serve as the person responsible in the building and as a member of the house committee where I reside. Last year, I built a residential unit in a public area of the building, which belongs to all the residents, in order to generate income for the residents. Currently, I am renting it out. The income from renting the property forms part of the basis for the management and expenses of the house committee for the building. The question: Am I, as the person managing the property (finding a tenant, drafting a contract, and serving as the contact for all property-related matters), entitled to take a certain percentage of the rent for management and rental services? From my experience, professionals managing properties take about half a month's (annual) rent value actually paid as a management and maintenance fee. Thank you very much!
Answer
Hello
Response from the Rabbis of the Beit Hora'ah:
You certainly deserve compensation.
However, it is advisable to make a joint decision among the partners regarding the amount of compensation you will charge for managing the property.