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Legal reference

Reporting to owners: what the manager or board must report in Portugal

Short answer

The assembly meets in the first fortnight of January, called by the administrator, to discuss and approve the accounts of the last year and to approve the budget of expenses for the year. Among the administrator's functions is giving accounts to the assembly.

What the law says

Original wording of the law (Portuguese). The summary and the notes around it are ours.

1 - A assembleia reúne-se na primeira quinzena de Janeiro, mediante convocação do administrador, para discussão e aprovação das contas respeitantes ao último ano e aprovação do orçamento das despesas a efectuar durante o ano.
Provision: Código Civil, art. 1431.º, n.os 1 e 4, e art. 1436.º, n.º 1, alínea l) · Official text

Last verified:

Also relevant

4 - A reunião prevista no n.º 1 deste artigo pode realizar-se, excecionalmente, no primeiro trimestre de cada ano se esta possibilidade estiver contemplada no regulamento de condomínio ou resultar de deliberação, aprovada por maioria, da assembleia de condóminos.
Provision: Código Civil, art. 1431.º, n.º 4 · Official text
l) Prestar contas à assembleia;
Provision: Código Civil, art. 1436.º, n.º 1, alínea l) · Official text

What this means in practice

The meeting may exceptionally take place in the first quarter if the building's regulation allows it or the assembly resolves so by majority (art. 1431, no. 4). The statute prescribes no format for the accounts or the budget. Other meetings are called by the administrator or by owners representing at least 25 per cent of the invested capital.

General information, not legal advice. Check with a lawyer in Portugal before relying on it, and read your building's own documents: they can change how a rule applies.

Where Unitify fits

The free reports tool turns a spreadsheet, an export or pasted text into a report page with a share link, covering income, expenses, debt, requests and work done. It is free and needs no signup. It does not replace the report or form that the law above requires: what must be reported, to whom and by when comes from the law and from your own rules.

The free reports tool

Questions and answers

What must the manager or board report to owners in Portugal?
The assembly meets in the first fortnight of January, called by the administrator, to discuss and approve the accounts of the last year and to approve the budget of expenses for the year. Among the administrator's functions is giving accounts to the assembly.
Where does this come from, and when was it checked?
The quotation is from Código Civil, art. 1431.º, n.os 1 e 4, e art. 1436.º, n.º 1, alínea l), at the official source linked on this page. It was last checked against that source on October 8, 2026.
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