One of the most strongly contested areas of Cyprus Communal Management schemes is the whole issue of fees. Not just who is responsible for their payment, but how much should individual property owners be expected to pay? In the following, we aim to bring some clarification to some of the issues surrounding the collection and […]
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Complex Service Providers and Contract Lengths
The thought of outsourcing the management of your Cyprus residential complex might be a rather daunting prospect, but it is now the number one choice of most resident committees. While there are likely to be several reasons for this, the primary one is likely to have something to do with how much easier it can […]
Can I become a Cyprus complex committee member and how?
Since the major and beneficial changes in Cyprus property law, complex resident committees are now a legal obligation. To this end, we receive a steady flow of enquiries concerning whether and how individuals might become committee members. In this article, we explore who is entitled, how the process works and, most importantly, what a committee […]
How Cyprus Communal Fees should be calculated
Fees are the lifeblood of any Cyprus communal complex committee and they are essential to its correct and successful operation. That is why calculating and collecting these fees is crucial and can make the difference between yours being a thriving and pristine complex or a rundown and a neglected eyesore. While calculating the communal fee […]
Can Committee Members Be Paid For Their Duties?
Considering that a large proportion of the properties in residential complexes are most likely being used as holiday homes, it can often prove difficult to find potential committee members. The fact that the position is a voluntary one doesn’t do much to sell it either. This may go some way towards explaining why we are […]
Do We Have to Register Our Cyprus Residential Complex Committee?
While it is essential that your complex forms a committee to administer the finances and day-to-day running of your complex’s maintenance and cleaning, registering with the Cyprus Land Registry is not a legal requirement. That said any “Custom Regulations” falling within the remit of the immovable property regulations are. Although not compelled to by law, […]
The Importance of Committee Insurance
Following an article that we published last month concerning communal insurance, we have received feedback from some of our readers concerning their confusion over the difference between communal and committee insurance. In the following, we aim to clarify this difference while at the same time offering a brief resume of why committee insurance is also […]
Why Communal Insurance is Crucial to Successful Complex Management
You could be forgiven for thinking that residents and committee members have enough to concern themselves with in respect of the day to day running of communal complexes, without the added headache of liability. You may be somewhat surprised to learn that there is still something of a “head in the sand” attitude towards planning […]
The Importance of Planning Your AGM
The adage “fail to plan and you are planning to fail” couldn’t ring any truer than it does in respect of preparing for your committee’s AGM (annual general meeting). Anyone who has ever taken part in a meeting conducted within committee rules will be all-too-familiar with the many pitfalls that lie in wait for the […]
What Should I Do If I Think I Am Being Charged Too Much For My Communal Fees?
For many Cyprus property owners whose dwellings are located within a complex, communal fees can present a wide variety of issues, and top of the list is likely to be excessive fees. It is hardly surprising, therefore, that Cyprus property management companies dealing with complexes are often queried by individuals and resident committees alike. Before […]
Newsletters – Why the Committee Should Send Them, How Often and What to Include
There is little doubt that regular communication is the key to avoiding misunderstandings and making savings in the valuable time taken in dealing with such issues. The great news is that a regular newsletter can be emailed to every property owner on your complex at the press of a button at any time to suit […]
The Pros and Cons of Complex Self-Management
While self-managing the day-to-day running of your residential complex may strike you as the ideal way to save money, a great deal of stress and time-consuming admin also come with the territory. In fact, numerous newly formed and even long-established committees have embarked on the self-managed route only to realise later that it is something […]
How property maintenance can keep you out of trouble
Why bother with routine maintenance? Your investment property is likely to be one of the biggest purchases you will make. Protecting your investment will mean spending time and money on your property to ensure it is in good condition and can actually provide you a return. Property owners tend to fall into two different categories, […]
The cost of pool maintenance is priceless not expensive
Have you ever watched your pool cleaner doing his job? Your pool water is looking perfectly clear, he has vacuumed the bottom, taken all the debris out, scrubbed the water line added chemicals and left. Your pool is looking good and you are happy and confident and assume it is perfectly safe to swim in. […]
Management of Your Cyprus Complex
Lee Property Services can take care of the management of your entire property complex. This service is provided with a full management solution which we are confident will save you money compared with your existing supplier. If it does not already exist, we will help you establish a legal committee for your development to ensure […]
