Cyprus Property Forum for Buyers, Sellers & Investors

I agree with Nigel

We have a 3 bed villa that we used to do holiday lets from.
We could get £1K per week during the peak season but when it was empty we still had to pay all the bills for no income.

Good tenants = no bills and a more peaceful life!

Do you mean insulation?

Hi Nigel We currently have a residents association that administers our complex and I understand it is better/more applicable to call it a management committee. How would we go about changing this name with the bank etc Thank you We have a committee called T**** J***** Residents Association. I went...

CTO?
Doesn't that stand for Cyprus Tourist Organisation (?)

I presume you mean a long term residential let, which is surely nothing to do with the CTO, has it?

Morning Nigel Our complex has ten identical houses - we all pay €500 and up to now everyone has paid in full since we took control of the management ourselves. There is around €8K in the account However, one owner has just sent this message and I would appreciate anyone's comments ... EDIT - message...

On our complex, the meter room is permanently locked with an EAC padlock as mentioned - always has been. Two years ago we got into trouble with EAC bacause someone had tampered with the main fuse and fitted a 60a :roll: Anyway, the conclusion was thus .... -------- Forwarded Message -------- Subject...

I wonder if you have a suggestion for the following problem. We are an unofficial management committee and with over 50% of owners missing and uncontactable it would appear to be difficult to form a registered committee. Up until now we have used a bank account with a couple of names on it to run t...

We have a 'savings' account with Bank of Cyprus (Coral Bay, Paphos) It pays a great interest rate ... 0.01% perhaps! :lol: There is no chequebook, but we have a debit card for cash withdrawals and have DD's set up for electricity, water, etc We have on-line banking and once we have 'switched off' pa...