management committee
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management committee
We are a complex of 5 houses do we require a management committee by law if yes what is the minimum number required.
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Re: management committee
Hi Robert
As your complex has five units you are required to have a management committee by law.
Premises consisting of two to four units may constitute a building under joint ownership and be registered as such, if the owners of at least fifty per cent (50%) of the joint ownership or any two owners of units submit an application to that effect to the Director requesting that these premises constitute a building under joint ownership and be registered as such.
Regards,
As your complex has five units you are required to have a management committee by law.
Premises consisting of two to four units may constitute a building under joint ownership and be registered as such, if the owners of at least fifty per cent (50%) of the joint ownership or any two owners of units submit an application to that effect to the Director requesting that these premises constitute a building under joint ownership and be registered as such.
Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
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Independent information & advice for Cyprus property buyers
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Re: management committee
Nigel, these are 5 houses there is nothing jointly owned as such. How does the law still apply here??? Unless of course there is a communal pool, private road and gardens!!!Nigel Howarth wrote: ↑25 Aug 2017 22:05 Hi Robert
As your complex has five units you are required to have a management committee by law.
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FSB Properties Ltd
Registered and Licensed Real Estate Company. Reg. No. 1145, Lic. No. 572/E
Member of ETEK Registration No. A201999
https://www.fsbproperties.com
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Re: management committee
You may be right Pan - we'll have to wait for Robert to explain.
Cheers,
Cheers,
Nigel Howarth
Independent information & advice for Cyprus property buyers
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Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
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Re: management committee
Ware a block of 5 townhouses the communal pool is at the side of the last house.Access to the pool is either from the rear of each house onto a private footpath leading down to the pool or from the from the front of each house onto the public footpath then turning off the public footpath into our pool area.we have no gardens or private road.
Cheers,
Bob
Cheers,
Bob
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Re: management committee
Hi Bob - yes you do need a Management Committee.
(Incidentally the minimum number of persons on a Management Committee is one).
Regards,
(Incidentally the minimum number of persons on a Management Committee is one).
Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news