Cyprus Property Forum for Buyers, Sellers & Investors

Hi,
We have two extremely disruptive tenants on our complex. One has gone as far as making physical threats to our on-site guy and followed that up with abusive phone calls. They have also vandalised locks on security gates and threatened to destroy recently installed fencing. We now also have one ...

Hi Nigel,
Sorry to labour it but presumably then if we only insure on the personal side the 35 properties of the payers and there was a problem with one of the non payer, uninsured, properties we would have a major problem. Sounds like we are back to square one really?

Thanks for that but I'm now a bit more confused. The article that you mention has a section saying

"It is underlined that the obligation under the law is to insure the entire jointly-owned building
and it is not limited only to common areas or the jointly-owned property. This provision is
aiming at ...

Hi Nigel,
Thank you for your response. Can I just clarify please that if we get cover for the common areas of the complex and pay for it through the Management Committee then each individual can cover their own apartments. If that is the case then it will certainly save a few thousand I would think ...

Hi,
We are a complex of 80 properties but with just 35 of those paying maintenance fees. My question relates to the buildings insurance for the whole of the complex. Currently the developer insists that the 35 of us have to pay the insurance premium for the entire complex. I have read somewhere that ...

I wonder if anyone has any way of removing squatters from a Cyprus property? Basically we have a complex of 80 properties. One of the properties has never had any mortgage paid by the stated owner nor have any management fees ever been paid, however there is a family living in the property ...

Many thanks for explaining that Nigel. The comment is towards the bottom of the first link that you provided.
Thank you again.

Hi Nigel and thank you for your response. However, I am rather confused as your comments re the Management Committee seem directly opposite to the comment that you made after one of the articles in February which states: "As you do not have your Title Deeds, any committee you form will not be ...

Hi Nigel,
I am part of a management committee (albeit a toothless one as we have no deeds) and we are all worried about our developer's financial status. Fees are paid into an MC account in the name of the developer which means that they are vulnerable if the company goes down and can also be raided ...