In Spain What is Comunidad de Properietarios?
- Date: 2007-06-01 - Word Count: 782
Share This!
Comunidad de propietarios is the community of property owners. Properties located in a development, known as "urbanisations" in Spain, usually share communal facilities such as gardens and services such as those of a maintenance person. All new urbanisations are the responsibility of the promoter / builder until they are all completed and sold. The responsibility is then transferred to the comunidad de propietarios, which you automatically join when you buy your property in Spain. Legal status is given by Spanish law to this community so that it can regulate the joint ownership of common property e.g. gardens, pools etc On completion of your property, you are notified and invited to attend a meeting to formally transfer the responsibility of general upkeep of the collective properties to a newly formed community of owners. Someone must be elected as President and another as Vice President from the group of owners. At this time an administrator is also elected. However, it is common practice to use the administrator put in place by the developer for the first year. The administrator and the committee members handle the day to-day business of the community. They only call meetings when matters arise. The committee is annually elected. Annual meetings are held, during which a budget is approved by the Owners covering the expenses for the year. This budget is then divided between owners depending on the percentage contribution for each property as set out in the title deeds. The apartment owners tend to pay a higher community fee than the house owners. For example: In an urbanisation owners of a two bedroom first floor apartment pay 180 euros per quarter, whereas the owners of a three-bed roomed town house pay just 55 euros per quarter. The reasoning behind this is that the areas around apartments incur more expenses e.g. stairwell cleaning and lighting, lift maintenance, garage cleaning and maintenance etc. There are numerous factors to be considered when dividing up the cost of community fees:
The number of apartments that share a block. The more there are to share the cost the lower the rate. The higher you go the more you pay and you may also be charged more for enjoying a view! The total number of properties in an urbanisation. The size of a development (total area). There have been reports in the media highlighting unfair cases. When a development consists of many phases, owners of completed phases were expected to temporarily subsidise the community fees of the uncompleted phases. When investigated the reasons given were that the green areas, the pools etc which are intended for the entire use of the development still need to be maintained. Basura - Rubbish Collecting The Town Hall will also make a charge for the Rubbish collection (Basura) from your property or development. This can be charged annually or quarterly depending on the Municipality in which you are purchasing the property. This may be included in your community fees it is worthwhile you asking about this. Tratamiento de Residuos - Recycling Tax In certain municipalities, there is an annual charge for the Recycling Tax. This covers the recycling of waste from the numerous glass, paper, and battery banks that are distributed throughout the area. This may be included within the Community fee it is worth finding out. Electricity & Water Most properties have electricity and water meters and you will be charged according to the amount of each consumed. Some communities will only have one meter for the whole development and therefore include the water in the Community Fees. Title Deeds (escritura) The percentage of the budget that each property pays is determined by the developer and is set out in the (escritura) The Community fees are normally paid quarterly or twice a year. Expenses vary according to services required and include salaries and social security for those employed by the community (gardeners, pool attendants, hall porters etc), repairs, electricity for the lighting of common areas, administration fees.
Payment of Fees. The payment date is set by the members at the Annual General Meeting and every owner must pay their community fees on the agreed date. If any of the members fail to pay the community fees, the President or the Administrator may claim the debt in the Court of First Instance from the city, and even have the property sold at auction to recover unpaid charges. Always ask questions. This information will enable you to get the most out of your property. Ensure that you ask about the community fees and find out exactly what is included. Or are there any hidden extras? So before you purchase your off-plan property, enquire about the expected community fees and use this article as a tick list.
The number of apartments that share a block. The more there are to share the cost the lower the rate. The higher you go the more you pay and you may also be charged more for enjoying a view! The total number of properties in an urbanisation. The size of a development (total area). There have been reports in the media highlighting unfair cases. When a development consists of many phases, owners of completed phases were expected to temporarily subsidise the community fees of the uncompleted phases. When investigated the reasons given were that the green areas, the pools etc which are intended for the entire use of the development still need to be maintained. Basura - Rubbish Collecting The Town Hall will also make a charge for the Rubbish collection (Basura) from your property or development. This can be charged annually or quarterly depending on the Municipality in which you are purchasing the property. This may be included in your community fees it is worthwhile you asking about this. Tratamiento de Residuos - Recycling Tax In certain municipalities, there is an annual charge for the Recycling Tax. This covers the recycling of waste from the numerous glass, paper, and battery banks that are distributed throughout the area. This may be included within the Community fee it is worth finding out. Electricity & Water Most properties have electricity and water meters and you will be charged according to the amount of each consumed. Some communities will only have one meter for the whole development and therefore include the water in the Community Fees. Title Deeds (escritura) The percentage of the budget that each property pays is determined by the developer and is set out in the (escritura) The Community fees are normally paid quarterly or twice a year. Expenses vary according to services required and include salaries and social security for those employed by the community (gardeners, pool attendants, hall porters etc), repairs, electricity for the lighting of common areas, administration fees.
Payment of Fees. The payment date is set by the members at the Annual General Meeting and every owner must pay their community fees on the agreed date. If any of the members fail to pay the community fees, the President or the Administrator may claim the debt in the Court of First Instance from the city, and even have the property sold at auction to recover unpaid charges. Always ask questions. This information will enable you to get the most out of your property. Ensure that you ask about the community fees and find out exactly what is included. Or are there any hidden extras? So before you purchase your off-plan property, enquire about the expected community fees and use this article as a tick list.
Related Tags: property in spain, property spain, spain property, apartment spain, apartment benalmadena
Steve Magill is the right source for more information on the Spanish mortgage market. He is a partner in http://www.buyspain.co.uk and a Fellow in the British Association of Entrepreneurs (FBAE). He holds international renown for having hands-on experience in this field. Your Article Search Directory : Find in Articles
Recent articles in this category:
- The Secrets to Getting Low Down Payment Car Insurance
Upon purchase of a new car, there is almost always a requirement to buy an auto insurance policy as - The Wisdom Behind Auto Insurance Comparison Quotes
No one in his right mind would not go for a good deal. In fact, everyone is out on their feet and ru - The Benefits of Auto Insurance Comparisons Florida
Insurance can be expensive. This is something everyone knows about especially in the sunny state of - Auto Insurance Florida: The No-Fault Policy
There are different kinds of car insurance offered by a wide range of providers today. Different sta - Finding the Cheapest Auto Insurance Companies
Everyone is asking and searching for the cheapest auto insurance companies available today. Consider - How do You Compare Private Health Insurance Cover in Australia?
Deciding what is the best and most affordable private health insurance cover can be easy if you take - How Payment Protection Insurance Was Mis-Sold
For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to custom - Finding Quotes For Auto Insurance Online
One of the many concerns when you are shopping for auto insurance is being able to get access to quo - How You Can Find the Best Auto Insurance Online
When it comes to renewing your car insurance you are going to quickly discover that there are a numb - Guidelines For Searching For Auto Insurance Online
The internet can be a great source of discounts and values related to auto insurance. However, many
Most viewed articles in this category:
- Trading Forex With Pivot Points
Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days mo - Where To Search For Free Grants
Where do you look for free grants? The search must be thorough or it could be an exercise in futilit - The Connection Between High Blood Pressure and Salt
We are a society of Salt Addicts. It cannot be denied. When you look at the things we do and the pla - Tips For Avoiding HYIP Scams
Before knowing about HYIP Scams, refer to the functioning of HYIP or "High Yield Investment Programs - Getting Credit After Bankruptcy
Consumers do not have to live sans credit following a bankruptcy. By following certain steps consume - Tips For Choosing A Credit Card
Are you looking for that perfect credit card? If so, you may be confused about what exactly to look - Cheap Car Insurance For Teens Online
Many elements determine a car insurance policy. Car insurance companies look at the person's age, hi - What Exactly Is Free Grant Money?
You can apply for free grant money from various government agencies. But where exactly does this mon - Small Business Owners Marketing and Customer Service
Marketing can be time-consuming, but it doesn't have to be hugely expensive now, thanks to the Inter - Apply Online For A Credit Card - How To Choose A Card?
The best type of credit card for you will be dependant on how you intend to use the credit card. Are