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In a previous article, you read about the great importance of having an active VVE.

A dormant VVE is not good for sales. It is less attractive and also more and more buyers do not manage to get for this obtain a mortgage loan.

Here is a very useful step-by-step plan with even more useful ready-to-use VVE documents to quickly activate your VVE.

Activating according to FlorisVK in 8 steps:

  1. Register the VVE with the Chamber of Commerce (often this is already arranged).
  2. Open a joint bank account for the VvE.
  3. Take out a building insurance policy on the VvE and also pay the premium from the VvE’s bank account (or convert your current building insurance policy to a VvE insurance policy).
  4. Make sure that money is already in the account as soon as possible, for example by having everyone already deposit their contribution retroactively from the1st of that month. In fact, from that point on, there is already officially a reserve fund (even if it is not large).
  5. Create a Multi-Year Maintenance Plan (MJOP). Download our sample MJOP here.
  6. Make sure there is an annual meeting and minutes are taken. Take minutes of the first annual meeting that show that you have taken care of all of the above to activate the HOA.
  7. Establish by-laws if necessary.
  8. Start meeting at 1 fixed time each year (e.g.,2nd week of February).
    1. Create an agenda
    2. Make the financial statements
    3. Check the MJOP
    4. Take minutes for activating the VvE and then minutes of the annual meeting each year (minutes are very important!)

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