Developer threatening to quit

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Bnevi1
Posts: 9
Joined: 17 Mar 2008 21:22

Developer threatening to quit

Post by Bnevi1 »

Hi Nigel

The developer of a complex where I own an apartment is threatening to cease maintenance due to a number of non payers. Separate title deeds are available although I suspect that many owners have not yet paid for these.

I also suspect that no one in the complex will want to take over and form a committee. If this is the case, my understanding is the Land Registry will appoint someone to manage the complex. Is this correct and if so who arranges this?

Thanks

Brian
Nigel Howarth
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Location: Erimi, Limassol, Cyprus
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Re: Developer threatening to quit

Post by Nigel Howarth »

Hi Brian,

Here is the form requesting the Director of the Lands Office to appoint a temporary committee.

Remember that he people appointed will need to be paid - so it's likely that your charges will rise considerably if you go down this route.

Best to organise the committee amongst yourselves (as required by the law).

Regards
Nigel Howarth
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