Transition to SPM

Side, 1. July 2015

Dear Home Owners

Since it was decided at the AGM 2015 to terminate our Property Management contract with Lotus M and sign a new contract with SPM, the Control Board has worked with SPM on transition tasks:

  1. Transition from Lotus M to SPM as site manager. We need approved by Notary that Mete Tanis at SPM from now on is our Site Manager according to TCL
  2. Signature authorization approved by Notary that Mete Tanis’s signature is verified
  3. Approved authorization verified by Notary that Mete Tanis can perform legal actions on behalf of Arcadia as a legal entity.
  4. Settle accounts with Lotus M for site fee payments
  5. Settle accounts with Lotus M for paid and unpaid bills
  6. Transition of the Control Book from Lotus M to SPM
  7. Transition of keys from Lotus M to SPM
  8. Transition of staff to Arcadia. We offer the current staff to continue their work for Arcadia on a new contract signed directly with Arcadia as a legal entity.
  9. New hire of staff if necessary to manage the approved 24 x 7 x 365 watchmen shift
  10. New bank accounts. We found out by surprise, that our bank accounts when managed by Lotus M did not belong to Arcadia as a legal entity. So Mete Tanis will open two new bank accounts for base service fee (225 TL/month) and reserve fee (60 TL/month)
  11. Other transition actions may be needed

References to the legal documentation can be seen here>> (login needed)

Regards, B4

 

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