75% agreement for management committee

Questions about living in properties with shared/common facilities
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Posts: 24
Joined: 09 Sep 2011 22:19

75% agreement for management committee

Post by michelle22cat »

Hi Nigel

I am seeking to set up a management committee. Out of 25 owners only 5/6 have bothered emailing me to support the idea. The complex is being maintained unsatisfactorily by the developer who is likely to pull out anyway.

Can the 5/6 of us call a meeting, invite everyone via email and then proceed in setting up a committee?

Also, how many signatures would be needed for the Bank and would we be able to arrange signature separately??

Thanks for your advice

Michelle Wood
Nigel Howarth
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Posts: 2575
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus

Re: 75% agreement for management committee

Post by Nigel Howarth »

Hi Michelle

Please refer to the law (in English) on the subject at Jointly Owned Buildings Law of 1993.

Nigel Howarth
Independent information & advice for Cyprus property buyers
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