Surplus Funds?
Posted: 29 Dec 2018 11:48
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 deleted due to GDPR issues
Basically it said that we shouldn't hold a large surplus and quoted this article
https://cyprus-mail.com/2017/07/30/lega ... committee/
Regards
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 deleted due to GDPR issues
Basically it said that we shouldn't hold a large surplus and quoted this article
https://cyprus-mail.com/2017/07/30/lega ... committee/
Regards