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 […]
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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, […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Sinking Funds and why they are Vital to the Smooth Running of Your Complex Committee
If your Cyprus complex committee and residents wish to avoid that sinking feeling that accompanies the surprise of unexpected costs, a sinking fund needs to be considered a vital part of your plan. While regular complex costs for scheduled maintenance, cleaning and admin can (and must be) budgeted for, the cost of breakdowns, damage and […]
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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 […]
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Why your Cyprus complex committee needs a lawyer
Anyone living in a Cyprus apartment or villa complex is likely to appreciate just how important it is to have a functioning and recognised committee. Many are, however, less well-informed on the importance of retaining the services of a professional Cyprus lawyer. One of the main issues for many communal committees is that many of […]
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