How do I start a project?If you own a condo, then getting this done is no mean feat!

Where do I start?

This is the first and hardest step:
It’s hard to get everyone together and reach a collective decision.
It’s hard to make the right choice when you have so many developers, each presenting you with their own promises.
And it’s hard to work with developers and lawyers when you’re not familiar with the terminology.
But in the end, it’s all worth it!

At the end of this long road, you’ll be sitting in your new living room or having dinner with your family on the new balcony, and the smile on your faces will be worth all the trouble!

The First StepThe journey of a thousand miles begins with a single step. This is your first move.

Any TMA 38 / Eviction and Construction Project – or any urban renewal or other design/execute project for that matter, be it your own property or a real estate development project – always begins with figuring out what it is that you want to achieve. We employ a simple method–very user-friendly –for each type of project.

The first step of the process is both simple and highly systematic. The purpose of the first step is to get to know the client:

  • We get the name of a contact person, with whom we talk on the telephone to arrange an initial meeting.
  • We then prepare a list of tenants with their contact information.
  • Then, we identify a tenant “contact person” to lead the first step.
  • At this stage, this makes it a lot easier for us to make progress.
  • A bit later – once the project has made some progress – a group of three tenants will be selected by you.
  • (Again, not to worry: All the decisions are still made by the tenants’ committee, which will comprise all tenants, and only the tenants will have the right to vote.
  • We’re not there yet, and we’re not making any decisions at this time. We’re just gathering data to understand the project’s needs).
  • The next step is to convene an initial meeting with the tenants in order to get to know the process.
  • Only after this meeting will we be able to understand (“we” being the developer and the tenants) whether the project is financially feasible, after which we devise a list of our future steps.
  • Next up: research. We contact the local authority and send our in-house team to work. Once completed, we then get back to you and present the tenants with a carefully tailored offer for their property, and we will proceed based on their feedback.
  • Only after all the tenants reach a general agreement (which will in no way be binding) on the nature of our proposal will we proceed to the next step.
Please note:
  • None of the tenants commits to anything at this stage.
  • No signatures are needed at this stage.
  • This is only the preliminary part of the process, where we examine the project’s feasability:
  • From the tenants’ perspective: should we even get involved in all of this?
  • From the developer’s perspective: can it be done?