All property owners in a community are responsible for contributing towards the communal maintenance, up keeping and repairs of their urbanization. Unfortunately the number of such debtors and unpaid community fees are
In Spain, a community of owner or (Comunidad de Propietarios) is covered by law in article 396 of the Civil Act, where these type of properties are by character known as Horizontal Properties or (Propiedad Horizontal). Horizontal Property in particular is
Just received the book from Felix Jordan a Spanish lawyer has put together one of the best books from facts to court case ruling about communities and the horizontal property of law in Spain. It is a must read book for all presidents and community members.
In the course of the past 18 months, the price per kw of electricity has gone up over 20%. While many owners have taken advantage of the several deals available from Endesa or other companies, including installations of ICPs, most communities have not.
As of the beginning of this summer (1 July 2011), presidents of communities can get a mortgage for their community. Up until now the law required that any mortgage that was taken out by a community required the signature of all the owners.
The global trend in property as towns grow, has turned many villas or individual houses into apartment blocks of all sizes; and many farming lands are converted into larger urbanizations housing private villas. Many of these apartment blocks are no more than 4 to 10 owners and vary from 2 to 5 floors. In Spain …
As promised in the last blogs, I will share with you a number of things we have implemented for reducing our community fees. But before we do that let’s just remind ourselves of something interesting. I would think that by now almost all of us are aware of the energy saving light bulbs. The cost …
The VAT was increased on the first of July. This has already affected all your bills from day to day shopping to petrol, gas and electricity. So how does this affect your income / expenses?