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Comment on Communal fees: The crisis in Cyprus’ jointly-owned buildings by Nigel Howarth
['Nigel Howarth', 'Please Enter Your Name Here']
Comments for Cyprus Property News
It’s been three years since a bill was drafted, designed to resolve longstanding issues and challenges in the management of jointly-owned buildings, and published for public consultation.
Jointly-owned buildings in crisisFrom the correspondence I receive, the most persistent and damaging challenge faced by Management Committees of jointly-owned buildings is the outright refusal of certain owners to pay their communal fees.
In cases where banks have repossessed units within jointly-owned buildings, those banks must assume responsibility for the payment of all communal fees associated with repossessed units.
If legislative reform is to be meaningful, it must equip Management Committees with robust and practical enforcement powers that ensure the timely collection of communal fees.
Stronger provisions — such as administrative enforcement mechanisms, financial sanctions, or expedited recovery procedures — are essential to safeguard the long-term sustainability and integrity of jointly-owned buildings.