Over charging for maintenance

Questions about living in properties with shared/common facilities
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cyprusforme
Posts: 4
Joined: 11 Jul 2010 11:08

Over charging for maintenance

Post by cyprusforme »

Our committee charges all apartments on our complex the same amount, regardless of size.
They also have a very large 'sink fund' but our fees are not reduced.
If the committee has a very large sum in the bank, can they still demand high annual fees? Can we ask for a reduction, or even suspension of fees?
Nigel Howarth
Site Admin
Posts: 2534
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
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Re: Over charging for maintenance

Post by Nigel Howarth »

Hi cyprusforme

Unless the regulations have been changed with the agreement of owners, contributions to the management fees must be based on the relative sizes of each of the units.

I suggest you and the owners of at least twenty-five (25%) of the jointly-owned property (including yourself) call for a general meeting to discuss and resolve the issues you've raised.

I have sent you an email with the relevant law to assist.

Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
Nigel Howarth
Site Admin
Posts: 2534
Joined: 24 Oct 2007 14:38
Location: Erimi, Limassol, Cyprus
Contact:

Re: Over charging for maintenance

Post by Nigel Howarth »

Hi cyprusforme

Your email address is incorrect. Please contact me via http://www.news.cyprus-property-buyers.com/contact with your correct email address and I'll send you a copy of the law.

Regards,
Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news
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