Standing as a member of a Cyprus residential complex committee comes with a high level of responsibility. Not least because any legal claims such as third-party litigations appertaining to the communal areas will rest solely with the committee and thus, ultimately its appointed officers. Perhaps this goes a long way towards explaining why we are so often asked how committee members might be confident that they are making correct decisions.
The short answer may lie in taking all possible steps to ensure that decisions are made under the current Cyprus property laws. However, these are both complicated and quite often open to interpretation. With that in mind, seeking professional advice is likely to offer the best solution to those wishing to act in the owner’s and committee’s best interest. Whether members decide to pursue such an option or to base decisions on their understandings, there is still no alternative to carrying out some due diligence.
The importance of avoiding the pitfalls of self-interest
Due to the very nature and necessity of Cyprus residential complex committees, serving officers and members will often be property owners themselves. The reality is that such a situation is almost unavoidable. However, the rules governing how decisions are arrived at should be enough to ensure that the interests of individual members are not put before those of the complex as a whole.
Checks and balances are the order of the day in all things that affect the community of the complex. However, unless these are fully understood by the members, their effectiveness is likely to be somewhat diminished. This is yet one more area of complex management where professional advice will save everyone involved a lot of potential upset, especially when the unexpected is thrust upon them.
Knowing who to turn to for advice
With the best will in the world, committee members can easily find themselves “operating in the dark”. As already mentioned, while the basics of operating as a complex committee look pretty straightforward on paper, arriving at the right decisions can be another matter entirely. One wrong turn has the potential to erode the community’s trust and that is something which could take years to win back.
Having access to the right legal advice, while also being able to “tap into” a wealth of complex management experience may sound like a committee’s dream come. The good news is that it is a reality which is readily available to any Cyprus complex. With the committees now being the norm, specialist management services have gained the benefit of real-world experience of virtually every issue that is likely to arise.
Benefiting from a wealth of communal management experience
Here at Lee Property Services, we have partnered with the area’s leading Cyprus communal property law experts.
Furthermore, professional accountants and our cutting-edge accounting system can provide all the financial advice that your committee needs. From the legal collection of current and outstanding fees to insurance and the day-to-day operation of your complex, we can make a wealth of industry experience available to you.
Talk to us and ensure that your committee makes the best possible decisions for owners and members alike.
