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Management Of Jointly Owned Cyprus Buildings

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Information on management of jointly owned buildings in Cyprus 

Vouni Village                                               Photo © CyprusExpat.co.uk

All jointly-owned buildings must have a management committee which regulates and manages all relevant affairs.

The owners of all units contained in the building shall participate in the expenses, which are necessary for the insurance, maintenance, repair, restoration and management of the jointly- owned property.

The proportion of the share of each joint owner in the expenses is prescribed by the Regulations based on the area of each unit.

The regulations are deposited at the Lands Office of the District, where the jointly-owned building is situated, and are registered by the Director with an entry made in the Land Register. These regulations regulate the relations among the owners of the units, determine their rights and obligations and should also make provision for the control, operation, administration, management and enjoyment of the units and of the jointly-owned property. Where no Regulations have been prepared, the standard regulations shall apply.

The Director of the Department of Lands & Surveys has the power and/or the obligation to intervene in matters concerning the management of any jointly-owned building only upon an application lodged with any District Lands Office and upon payment of the relevant fees by the applicant/owner of any unit.

In an effort to assist both the owners of the units and the management committee, the Department of Lands & Surveys has prepared application forms concerning any of the matters listed below. These forms are also referred to any other documents which must be attached to the relevant application:

Appointment of Temporary Management Committee

Appointment of Management Committee

Registration of regulations

Estimation of the area of the units

Determination of the share allowed to each unit

Convening a General Meeting of the owners of the units

Source Department Of Land And Surveys

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