New Jointly-Owned Properties Law drafted

Anyone who’s had dealings with the Jointly-Owned Buildings Legislation will agree that it’s in dire need of revision. I get as numerous problems and queries about this unique legislation (two this early morning) as I get about Title Deeds.

It appears to be that, at extended previous, the legislation is about to alter. A draft legislation for the management and procedure of jointly-owned properties has been geared up by the Division of Lands and Surveys and the Commissioner for Legislation.

Draft Jointly-Owned Structures Regulation

The draft regulation aims to clear up a host of really serious problems with the present legislation which include the deficiency of management committees, non-payment of communal expenses, insurance plan and partial or total destruction of the making. Its intent is to provide administration committees with the flexibility to carry out its obligations, to make sure that device owners meet their obligations and that qualities are effectively maintained.

A administration committee or operator who fails to comply with any obligation less than the proposed legislation or rules is issue to a great of up to €3,000.00.

New Company to oversee compliance

A separate provider will be established dependable for overseeing compliance with the legislation. The position of the Section of Lands and Surveys will be confined to troubles relating to the profession and registration of jointly-owned structures.

This new services will be responsible for registering jointly-owned buildings, the registration of administration committees with the Service and preserving a sign up of the buildings and their administration committees.

In addition to jointly-owned buildings that have been registered, the regulation will apply to all jointly-owned structures that have been issued with a constructing permit, division and acceptance certification (or a certification of unauthorised is effective).

Management Committees

The draft regulation empowers management committee to claim costs that are fairly needed for keeping and running the frequent spots of the setting up for which proprietors have not paid.

The draft monthly bill (in Greek) has been posted on the Office of Lands and Surveys website for community consultation.

(A equipment translation of the draft new regulation into English might be viewed by clicking below.)