What term refers to the administration of condominium properties and associated services?

The term that refers to the administration of condominium properties and associated services is condominium management. This encompasses a wide range of responsibilities, including but not limited to maintenance of common areas, financial management, communication with residents, enforcement of rules and regulations, and overall oversight to ensure that the property runs smoothly and efficiently.

Condominium management is essential for maintaining the value of the property and ensuring the well-being of its residents. It involves not just logistical tasks but also strategic planning and often includes working with a variety of stakeholders, such as residents, boards of directors, and external service providers.

The other options do not encompass the full scope of activities associated with the administration of condominiums. Repair responsibilities are a component of management but do not cover the broader administrative duties. External contractors are often hired for specific tasks within a condominium but are not involved in the overall management. Accounting principles refer to the financial practices that may be used in managing a condominium’s budget and expenses, but they do not itself refer to the management of the property.