Why Residents Committees Have an AGM and What It Is All About
If you own a Cyprus property within a complex, you will already have heard of the resident’s committee and the AGM. Under the rules governing resident’s management committees in Cyprus, there is a need to give notice off and to hold an AGM (annual general meeting). At the first of these official meetings, the […]
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Who Does the Roof on My Apartment Complex Belong To and Who Should Maintain It
While the title of this article may already provide some logic in so much that maintenance of an apartment block’s roof is likely to rest with those recognised as owning it, on further examination, there may be a little more to it. Many complexes have several separate apartment blocks and still, others may have […]
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Why Must We Have Communal Maintenance?
A common question that many Cyprus property management companies are asked by villa and apartment owners who have access to shared common areas is “why must we have communal maintenance”? The question most often than not arises from the concern over the shared cost of this communal maintenance. Some property owners even think that the […]
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Do I Have To Pay Communal Fees For Facilities That I Don’t Use
One of the top concerns that we hear expressed by property owners on complexes where communal fees are charged is “do I have to pay communal fees for facilities that I don’t use”? The really short answer is that in many instances yes you will have to pay fees for certain facilities even if you […]
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What Should Be Covered In The Communal Fees?
While what exactly is covered under the communal fees will vary from one complex to another, as a rule of thumb, it is an area, utility, or facility that is shared in common with most if not all of the properties on that complex. This, of course, can cover a wide remit and that is […]
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Why budgeting is so important to the Successful Management of Your Complex
When it comes to the smooth running of your complex committee, none of the “nuts and bolts” work is going to succeed unless you have budgeted correctly. One of the major benefits of working with a professional property maintenance company is that they are able to provide expert budgeting advice. From on-going and regular […]
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Some Common Myths Concerning Communal Property Fees
Whether you visit Cyprus on holiday or live here for any length of time, you can’t have helped but notice that there are countless numbers of property developments on the Island. These are especially prolific in and around the resort areas and many of them are made up of one or more apartment blocks. Most […]
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Why Your Complex Must Have a Management Committee
If you own a property in Southern Cyprus and it is within a complex, you are obliged by law (chapter 224 of the Cyprus Constitution) to participate in the formation of a recognised management committee. In theory, therefore, owners of such properties could be deemed as non-compliant when failing to do exactly that. Whilst the […]
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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, […]
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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. […]
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