Cyprus Property Forum for Buyers, Sellers & Investors

Thank You Nigel.
Best Regards

At an AGM to vote for a new committee, one owner, a current committee member was unable to attend the second meeting due to an urgent work emergency, although he had attended the first meeting. No Proxy was signed or given.The owners decided in his absence he should be on the committee. Is that ...

Thank you Nigel, much appreciated.

Dear Nigel
One of the owners on our complex has given his property manager his power of attorney, letter of authorisation, and his title deeds.
The property manager wants to join the committee.
Obviously the other owners would need to vote on this at an AGM.
My question is, is it legal, or ...

If we want to have a vote to legalise our current fee allocation method, of charging by the number of bedrooms,
Can we legally have the vote by an on-line ballot, (very few owners are actually resident in Cyprus)?
If we must follow the letter of the law, could we pre-empt the fee calculation method ...

Thank You Nigel, I've just been re-elected so it looks like I'm stuck with it for a while.
Best Regards.

How do I get my name removed as guarantor for our Communal Electricity account? We changed from our developer to a property Management Company in March this year and the EAC insisted I give my name, as chairperson, as guarantor for the account. I wish to change that.
How do I go about that? Any ...

Dear Nigel,

I am looking for some clarification of the 75% rule for voting.
is it:
a. 75% of all owners
b. 75% of owners eligible to vote,(up to date with their fees).
c. 75% of owners eligible to vote and who bother to reply.

Many thanks in advance

Thank you Nigel for this very comprehensive reply. Much appreciated.

An owner in our complex 0f 2 blocks with 13 units in one and 14 in the other, has suggested a communal internet service. Is this at all feasible, has anybody any experience of this, and if so, can you give me a rough idea of the cost please.
Many Thanks in advance

Dear Nigel,

One of our owners is in the process of selling her apartment. She has paid her communal fees in full and her solicitor has told her to ask for a pro-rata reimbursement when the sale is finalised. Is this the normal procedure?

Thanks in advance

Regards

When working with a management company, how does/should the bank account set up work. Should they have sole control of the funds / account, or should there be an account for collecting funds and paying bills (managed by them) and one for holding contingency funds managed by the committee. Your ...

We will be moving from being managed by our developer to a management company. Under the developer, our fee structure was according to the number of bedrooms. If we want to keep it that way under the new management, what do we have to do to make it legally acceptable?
Thanks in advance.

We are a new owners committee in the process of transitioning to a property management company when our current maintenance contract with the developer expires 28th Feb 2022. We have not yet been able to open a committee bank account. The developer is still collecting communal fees.
We have ...

Many thanks for your reply Nigel.
Regards