Each owner is expected to respect and take care of the general installations of the community and any other common elements in the property. In essence they are part of the owner´s property and if the apartment is to be sold, poor maintained installations would very much work against the owners. Owners are also expected to maintain their own property and keep it in good repair. If a repair is needed on the property, and it is the responsibility of the community, the owner has to allow the work to be carried out.
As well as paying the monthly community fees, the owner may have to pay further amounts of money to the reserve fund. The Spanish law says that the minimum fund should be at least 5% of the last ordinary budget.
If the owner does not live within the community on a full time basis they need to notify the administrator of their residential address so any correspondence can be sent on. If they fail to notify the administrator, he only has to put communication messages on the notice board. This is considered under the law as a fair warning, as the administrator is only obliged to send registered notifications within Spain.
And finally if you purchased your property and the community fees are not paid up to date, the debt will automatically become yours. Again an important reason to use our services to buy your dream property in Tenerife without any risks.
Corné Schreuder, Sales Director
