top of page
  • Christiana Kyriacou

EN:The Management of Jointly Owned Buildings and Related Matters Law of 2022

The Ministry of Interior in Cyprus is accelerating the process of promoting a bill that aims to address the issues surrounding jointly owned buildings. The bill, called "The Management of Jointly Owned Buildings and Related Matters Law of 2022," expands the responsibilities and powers of management committees to address the current lack of management in many buildings, which causes friction between owners and leaves buildings unmaintained. One of the main innovations of the bill is the power given to management committees to make expenses, reasonably necessary for the maintenance and proper operation of common areas that owners neglect to pay. The proposed law applies to all jointly owned buildings, including those without a registration certificate, and aims to resolve issues such as non-existent management committees, unpaid common users, insurance, and destruction of the building.

The bill requires the amendment of existing legislation, and a new will be established to register jointly owned buildings, set internal regulations to regulate management, and define the rights and obligations of owners. The costs of ensuring services will be divided based on the area of each unit. In addition, a study to assess the static, mechanical, and electrical control of each jointly owned building will be conducted by professionals registered with the Cyprus Scientific and Technical Chamber, and periodic control of buildings will be approved in a separate bill. The proposed law aims to ensure the safety of owners and third parties, ensure effective management, and resolve financial frictions between owners.


The bill also aims to address issues related to the non-existence of a management committee or the refusal of some owners to pay for common expenses. In such cases, the Service for Registration of Co-Owned Buildings and Supervision of the Operation of Administrative Committees will be authorized to appoint a temporary administrator for the management of the building.


Furthermore, the bill sets out provisions for the resolution of disputes between owners or between the management committee and owners. It is proposed that disputes be resolved through a mediation process, which aims to provide a less expensive and less time-consuming alternative to court proceedings.


The bill also includes provisions for the establishment of a maintenance fund for each jointly owned building. The fund will be used for the repair and maintenance of common areas and facilities, such as elevators, staircases, and roofs. The fund will be funded by the owners, with each owner contributing in proportion to their share of the building.


The proposed legislation is expected to have a significant impact on the management and maintenance of jointly owned buildings in Cyprus. By providing the management committees with greater powers and responsibilities, the bill aims to promote better management practices and reduce the level of anarchy that currently exists in many buildings.


The proposed legislation has received widespread support from various stakeholders, including the Cyprus Association of Property Valuers, the Cyprus Bar Association, and the Cyprus Scientific and Technical Chamber. However, some critics have expressed concern that the bill may place an undue burden on some owners, particularly those who are already struggling financially.


In conclusion, the proposed bill (“The Management of Jointly Owned Buildings and Related Matters Law of 2022”) aims to address the widespread problem of anarchy in the management of jointly owned buildings in Cyprus. By giving management committees greater powers and responsibilities, the bill aims to promote better management practices and ensure the safety and well-being of all occupants of these buildings. While the proposed legislation has received widespread support from various stakeholders, some critics have expressed concern about the potential financial burden that the bill may place on some owners. Ultimately, the success of the bill will depend on its effective implementation and enforcement.



Comments

Rated 0 out of 5 stars.
No ratings yet

Add a rating
bottom of page