A budget is a financial plan that shows the income and expense plan of a residential complex or apartment building for a specific period. Dues income, maintenance expenses, personnel costs, and other expenditures are evaluated within the scope of the budget. A properly prepared budget is of great importance for financial sustainability and transparent management.

Condominium ownership is the private ownership right established over the independent units of a completed building. While owners of independent units such as apartments, offices, or shops have rights over their own areas, they also hold shares in the common areas. Condominium ownership is an important concept that forms the legal basis of residential complex and apartment management.

An emergency refers to extraordinary events that require rapid intervention, such as fire, earthquake, flooding, power outage, or security risk. In residential complex and apartment management, establishing emergency plans is critically important for residents’ safety and the continuity of operations.

An expense voucher is an official document used, in accordance with tax legislation, for the purchase of goods or services from individuals who are not obliged to issue invoices. In residential complex and apartment management, an expense voucher may be issued to record certain service or work purchases. This document helps ensure that financial transactions are documented correctly.

Real estate is the general term for immovable properties such as land, plots, residences, workplaces, and similar assets that cannot be moved. The independent units that form the basis of residential complex and apartment management are also considered real estate. Real estate assets are among the important economic values as both investments and living spaces.

A maintenance fee, or dues, is the regular contribution paid by residents of a residential complex or apartment building to cover common expenses. Many costs, such as security, cleaning, maintenance, landscaping, and common area expenses, are covered through dues income. Regular dues management ensures that living spaces are operated in a sustainable manner.

A management plan is the set of fundamental rules that determines how an apartment building, residential complex, or shared living area will be managed. Many matters, such as the rights and responsibilities of unit owners, principles for the use of common areas, dues processes, manager elections, and operational activities, are regulated within the scope of the management plan.

According to the Condominium Law, the management plan is an official document that binds all unit owners. Therefore, it is one of the first sources referred to in resolving many disputes that may arise in residential complex and apartment management.