Les Oliviers · Briefing
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Sample briefing — read me first. An anonymised example of an AG Brief; every name and figure is fictional. Behind each margin note: dozens of pages of tables and figures, read for you and reduced to what matters before the meeting — teal for what a number means, terracotta for what's worth a second look.

Owners' meeting: 28 April 2026, 14:30 · Espace Marina, Cap d'Ail — or by videoconference
SDC Les Oliviers · Cap d'Ail

One year of the building's accounts, read for you.

An independent reading of the copropriété — every charge, vote and number, explained on your side of the table.

PERIOD: 1 OCT 2024 — 30 SEPT 2025
Total annual expenses
€238,805
what the whole building spent
Operating deficit
−€33,805
spent more than the budget allowed
Cash reserve
€151,085
held by the syndicate
Owner arrears
€54,762
owed by owners who haven't paid
Overview

What the building spent

€238,804.96
OF WHICH VAT €31,978.53 · RECOVERABLE FROM TENANTS €105,387.15
What's a copropriété?

A building owned in shares. Every owner pays a portion of the shared running costs — these accounts are that shared pot, for one year.

Worth noting

The largest line is maintenance contracts — almost half the budget. Security alone (Garde Littoral SARL) takes €85,374, about 36% of the year.

By category

Where the money goes

The whole budget split into 8 functional categories, largest first.

General common charges€173,97572.9%
Heating€21,2828.9%
Apartment charges€16,9687.1%
Elevator€12,2665.1%
Car lift€8,8913.7%
Parking€3,8381.6%
Hot water€1,3120.6%
Meters€2720.1%
How to read this

“General common charges” bundles everything shared — security, cleaning, insurance, gardens. It almost always dominates; the detail below opens it up.

Detail

Detailed breakdown

Tap a category to see what's inside. All amounts for 01/10/2024 — 30/09/2025.

charges

The building's running costs, billed to each owner in proportion to their tantièmes (ownership share). The bigger your lot, the bigger your slice.

Security (Garde Littoral SARL)€85,374
12 monthly invoices across the year.
Lowest month€5,239
Highest month€10,418
Monthly average~€7,115
Insurance€20,861
Building insurance (Azuréa Assurances)€20,386
Legal protection (ProtecCopro)€475
Heating (gas + maintenance)€21,282
Gas (GazSud + Énergie Méditerranée)€6,535
Boiler service (ThermiTech SAS)€14,298
System water€170
Repairs€278
Premises cleaning€13,766
Monthly invoices from Net Azur Propreté (12 months).
First 3 months (Oct–Dec 2024)€1,110/mo
Then€1,160/mo
Elevator (full total)€12,266
Electricity (20% of total EDF)€7,381
Maintenance (Verti-Lift)€3,658
Repair (call-centre replacement)€1,054
Phone + remote monitoring€172
Syndic & legal fees€14,877
Monthly syndic fees (€667/mo × 12)€8,004
Lawyer (Maître Aubert — SDC & Rinaldi cases)€5,262
Bailiff (SCP Marchand)€1,029
Photocopies & call-outs€481
Postal€101
Other maintenance contracts€16,899
Landscaping (Jardins du Cap)€5,129
Pool (Bleu Piscines)€5,142
Air conditioning (ThermiTech SAS)€4,535
VMC ventilation (AirNeuf)€775
Fire safety (Sécuri-Feu)€898
Meter contract (ComptaMétrie)€272
Garage door€148
Electricity (common, EDF)€36,907
Total annual EDF bill, split by usage key.
Apartments (30%)€11,072
Elevator (20%)€7,381
Car lift (20%)€7,381
Parking (10%)€3,691
Common areas (20%)€7,381
Water€7,713
Common water (Eaux du Littoral)€4,871
Garden irrigation€1,105
Hot water€1,312
Pool€151
Concierge lodge€81
AC system€170
Subscription€23
Small repairs€7,729
Soft carpet replacement (August)€2,783
Emergency call-outs (ThermiTech ×2)€839
7 fire safety plans€1,098
Pruning of 3 washingtonia palms€699
Other minor work€2,309
Miscellaneous€5,589
Property tax (Paillon)€2,695
Supplies€1,206
Phone (common + lodge)€1,587
Bank fees€127
Misc income (access badge refund)−€26
Your account

Your personal share

Each owner receives their own Projet de Répartition from the syndic. Here's a worked example for one apartment owner in the building.

Sample · M. & Mme Lindqvist
LOTS 0114 · 0042 · 0078 — SHARE 412/10000 (≈4.12%)
Apartment lot (0114)€8,166.17
Parking lot (0042)€983.88
Cellar lot (0078)€688.71
Total charges (2024/2025)€9,838.76
Provisions already paid€8,166.17
Balance due€1,672.59
In plain terms

This owner holds 4.12% of the building, so they carry 4.12% of every line in the accounts — €9,838.76 for the year. They'd already paid €8,166.17 in advances, which left a €1,672.59 balance due once the real costs came in higher than budgeted.

Vote

17 resolutions to vote on

Each item is voted separately: For / Against / Abstention. The badge shows the legal majority required. Full voting form: pp. 35–37.

What's an AG?

The assemblée générale — the once-a-year owners' meeting where every money decision is voted. Miss it and the votes still bind you. Explaining one AG in advance is an AG Brief.

Procedural

6 items
001
Art. 24
Election of meeting chair
002
Art. 24
Election of first vote counter
003
Art. 24
Appointment of meeting secretary
008
No vote
Syndic report (informational)
009
No vote
Council report (informational)
017
No vote
Miscellaneous questions

Accounts & discharge

4 items
004
Art. 24
Approval of accounts closed 30/09/2024
Actual spending €178,385 vs €131,000 budgeted — an overrun of +36%.
005
Art. 24
Approval of accounts closed 30/09/2025
The year analysed above — total expenses €238,805. Approving means accepting these figures.
📑 Statement of Expenses pp. 65–73 + Allocation pp. 74–75
Full text ▾

The General Assembly, having reviewed the account, revenues and expenses for the period 01/10/2024 to 30/09/2025 totalling €238,804.96, approves the accounts in their form, content, allocation and distribution for said period.

Note: your expense adjustment, if debtor, is payable from today.

006
Art. 24
Approval of works accounts
007
Art. 24
Discharge of syndic for management 01/10/2024 — 30/09/2025
Worth a question. After a +36% overrun in 2023/2024, it's reasonable to ask before voting in favour.

Syndic

1 item
010
Art. 25
Election of syndic — Cabinet Aurélia
New contract: €7,000 ex-VAT (€8,400 incl.) / year, 15-month term. About 12% cheaper than this year (€667/mo = €8,004/yr). Hourly extra €86 ex-VAT. Fees: état daté €410, opposition €162, mise en demeure €16.
📑 Syndic contract pp. 15–28

Budgets

2 items
011
Art. 24
Forecast budget 2025/2026: €205,000
About 14% below what was actually spent (€238,805). Main lines: common €141,550 (+17.5%), heating €18,350 (+34%), elevator €13,500 (+25%).
012
Art. 24
Forecast budget 2026/2027: €221,000
+7.9% vs the year before.

Works & funds

3 items
013
Art. 25
Works reserve fund (Fonds Travaux ALUR)
Mandatory yearly top-up for future works. This money belongs to the owners.
015
Art. 25
Multi-year works plan (PPPT) — three quotes
A mandatory 10-year works diagnostic. Métropole funds 40–80% of the extended audit; MaPrimeRénov' covers 30–45% of energy work. Comparison below.
📑 Three quotes pp. 29–34
016
Art. 24
Maintenance — Zénith Toiture gutter cleaning
Simple but essential to prevent leaks.

Building council

1 item
014
Art. 25
Designation of building council (Conseil Syndical)
Volunteer owners who oversee the syndic. Anyone can stand.
Majority types

Art. 24 = simple majority of those present. Art. 25 = absolute majority of all owners, even absent ones — so it's harder to pass.

Resolution 015 ≈ a Travaux Brief

Three quotes for the PPPT

A mandatory 10-year works plan. Prices differ a lot — and so does what's included.

What's a PPPT?

A 10-year forward plan of major works every older building must now commission. Comparing the competing quotes before a vote is a Travaux Brief.

Quote A
Diagnostic Azur 06
€1,900
incl. VAT, fixed price
Includes: PPPT + 1 building DPE. +€850 per extra building.
📑 pp. 33–34
Quote B
Wattnergie
€3,200–3,450
incl. VAT, by lots
Includes: PPPT + DPE bundled. Energy audit (+~€2,800) and AMO MaPrimeRénov' (~€14,000).
📑 p. 32
Quote C
Atelier Riviera
€3,600
PPPT €1,600 + DPE €2,000
Includes: PPPT + DPE separately. DTG full audit ~€13,600 — Métropole funds up to 80%.
📑 pp. 29–31
Compare carefully

Prices assume 50–75 lots. Confirm the exact lot count and the precise scope of each quote before voting — cheapest isn't always best value.

Vote context

Budget vs actual, 4 years

Voted budgets against what was actually spent, line "General common charges (net)".

PeriodBudgetActualΔ
2022/2023€127,535approved
2023/2024€131,000€178,385+36%
2024/2025€120,500€173,976+44%
2025/2026€141,550voting
The pattern

Two years running, actual spend beat the budget by 36–44%. A budget set low and overrun every year is the thing to watch.

Cash flow

Where the money is going

Not voted on — but these explain why everyone has a balance due right now.

Operating deficit
−€33,805
budget €205,000 · spent €238,805
Cash on 30/09/2025
€151,085
syndicate reserve
Supplier debt
€27,089
↑ +49% YoY
Owner arrears
€54,762
unpaid by owners
Points to watch

Supplier debt rose 49% (€18,148 → €27,089) — the syndic is falling behind on invoices. Owner arrears of €54,762 aren't reaching the cash account. Cash stays positive on owner advances, not healthy revenue. If next year's budget isn't raised, the deficit returns.

Glossary

What it means

Charges locatives / recoverable charges
The part of expenses an owner may legally pass to a tenant (heating, cleaning, elevator…). This year: €105,387.
TVA / VAT
Value-added tax already inside supplier invoices. Annual total: €31,979.
Tantièmes (ownership shares)
Ownership in 10,000ths. An apartment holding 412/10000 bears ≈4.12% of every shared cost.
Fonds travaux ALUR
Mandatory works reserve fund under the ALUR law. Builds up yearly and belongs to the owner.
Syndic / property manager
The condominium's management company. Here: Cabinet Aurélia. Monthly fee: €667.

Owned from a distance. Read on the ground.

One of seven formats

This is an AG Brief. There are six other ways I read your French property.

By the event, by the property, by the portfolio — from a single assembly to a multi-country European estate.

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