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Cyprus Eastern Forum Index » Legal Questions & Issues » Management of Shared Complex
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Management of Shared Complex 
Post: #1   PostPosted: Mon Nov 07, 2016 11:53 am Reply with quote
Atlania
Joined: 18 Dec 2008
Posts: 13
Pictures: 0

 
At present we have an Administrator and one other person who countersigns cheques. The administrator makes all the decisions.
He has not called an AGM for about 8 yrs. We have not had a statement of accounts presented for the same amount of time. The building and swimming pool need essential repairs and everyone complains to the administrator. he says there is no money ...people don't pay. Our properties are losing value! I think maybe some don't pay as they are sick of wondering where their money goes.We don't know who pays and who does not, there are 24 apartments so we don't know each other.. I think only 2 owners live on site the rest rent out.
One person has got us together and we asked for EGM this happened but less than 50% attended so another meeting was held 7 days later same place same time. A committee of 5 was chosen and it includes the same Chairman.. a couple of his friends voted for him!!! This new committee of 5 met and it was a shambles as one of the new committee members hasn't paid common expenses as she is fed up with wasting her money. 3 of the committee walked out of the meeting including her because of bad tempers. What can we do now.
We seriously need legal help to find out what is happening with the accounts. At the EGMs the Administrator would not give details of income ...only expenditure.
Can anyone suggest a way forward.
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Post: #2   PostPosted: Sat Nov 12, 2016 4:10 pm Reply with quote
Atlania
Joined: 18 Dec 2008
Posts: 13
Pictures: 0

 
Sad Its OK. I don't need any help with this. I am going to see a lawyer to help us with the next step.
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Post: #3   PostPosted: Sat Nov 12, 2016 6:55 pm Reply with quote
journo
Joined: 22 Mar 2009
Posts: 5437
Pictures: 17

 
Your Administrator/new Management Committee are breaking the law by not providing written statements of accounts.

They must provide owners with details of both income and expenditure (overall) along with written Common Parts invoices.

However I do not believe there is anything in the Law requiring them to divulge publicly exactly who has/hasn't paid their Common Parts..

It is the Ministry of Interior (and its Department of Lands & Surveys, ie Land Registry) which is/are responsible for enforcing the law as it applies to jointly owned properties.
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Management of Shared Complex 
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