Articles 1435, no. 4, and 1431
Remuneration and rendering accounts
«The office of administrator may be remunerated», says no. 4 of article 1435. May be, not must be: the statute allows payment and fixes no amount, no criterion and no frequency. The assembly fixes them, and what it fixes has to be recorded in the minutes. The same rule draws no distinction, as to remuneration, between an owner and a third party holding the office.
On the other side stands the rendering of accounts, imposed as a duty by paragraph l) of article 1436, no. 1. Article 1431, no. 1, sets the moment: the assembly meets in the first fortnight of January, called by the administrator, to discuss and approve the accounts for the last year and approve the budget for the expenses to be made during the year. No. 4, added by Law 8/2022, exceptionally allows it to be held in the first quarter, if the regulation provides for it or if the assembly so decides by majority.
The law fixes no management fee, neither a minimum nor a maximum. Any table going around as «the legal rate» has no rule behind it.