Abstract
Abstract The scientific publication aims to identify risks in the maintenance of the rental housing stock. Access to housing is an essential precondition for the development and integration of the personality of each individual into society. Despite the rapid development of the state in certain sectors of the economy, the issue of inadequate accessibility and quality of housing for low-income groups of the population is becoming more and more acute. Therefore, one of the state policies is to create an adequate and rational space for all categories of Latvia’s population. The aim of the article is to identify and evaluate the risks of management of rental houses owned by the municipality, their impact on efficient and high-quality maintenance and high-quality maintenance of the housing stock.
Highlights
Risk is a concept, which usually represents the possible future loss of different values
Determination of risk factors and risk effects helps determine which external factors that are outside of the company’s planning and implementation boundaries and are not controlled by the company are crucial for the successful operation of the company and the achievement of sustained results (State Education development Agency Republic of Latvia, 2017)
Management fee is the value of the service in monetary terms, the consumer’s fee for the benefit of the use of the service
Summary
Risk is a concept, which usually represents the possible future loss of different values In daily management, this term is used as a synonym for the probability of losing something. The aim of the article is to assess the management process risks of rental property in the municipality of Riga. To achieve the aim of the article, the following tasks are put forward: 1) to research the thematic scientific literature; 2) to study and analyse the field of operation of Riga municipal enterprise; 3) to clarify enterprise operational risks, to identify the main risk areas; 4) to describe the potential impact of risks on the enterprise operation. Limitations of the research are as follows: 1) the research covers the period of 2012–2017; 2) the management process of rental property of the municipality of Riga is investigated, and risks are assessed. This publication is part of the research “Rental and management policy of municipal residential buildings: A Case Study in Riga”, Part 2
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