Credit Control

What is the secret to credit control for complexes in Cyprus?

There isn’t one, and there is no magic wand, every company has to follow the same procedure. This is imperative if the final outcome ends up being the legal route.

Credit control in complexes is the practice of making sure owners don’t take too long to pay their fees.

When sending communal invoices ‘payment terms’ should always be set. These should be agreed at your AGM.

If owners take longer than your payment terms stipulate to pay your invoices, they will need to be chased for payment, for example by phoning them to remind them about the invoice, or by sending them an email, postal or SMS reminder.

Ultimately, if owners  do not pay, as a last resort legal proceedings should commence.

We are specialists in this area, working closely with owners to keep them on track. Our software allows owners to log in and see the status of their accounts. Owners are able to see that payments are being received and balances are reducing and have 24 hour access to their online personal account.

Your Cyprus property in good hands

LEE property services provides quality property services to suit your individual needs. Through attention to detail and as a professional team, we aim exceed your expectations first time, every time. We specialise in communal property management and maintenance. Should you require help and advise, or for us to provide you with a free quotation, please feel free to contact one of our team members who will be more than willing to assist you.

We have lots of other sites that we look after and will be happy to provide you with references. All our work is carried out on an “open-accounting basis” so you can see exactly where the money is going and what is being purchased. We pride ourselves on being able to reduce the running cost of your complex as well as taking away all of the hassle associated with running the property – leaving you free to enjoy your property as intended.

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