[PIO] The Cabinet of Ministers approved the bill "The Management of Commonhold Buildings and Related Matters Law of 2022"

The Cabinet of Ministers approved at its meeting yesterday the bill "The Management of Commonhold Buildings and Related Matters Act of 2022".

This Bill aims to establish a framework for the regulation of commonhold buildings in the Republic of Cyprus with a view to their management, supervision and proper operation.

The Bill resolves problems of legal interpretation of the Management Committee, as well as various other practical problems faced by communal buildings, ensuring their rational operation.

This Bill takes into account the various developments - changes in the housing reality of the Republic of Cyprus, as well as the existing management practices of communal buildings.

It also takes into account the weaknesses and gaps in the current legislation and the need to define a more effective implementation of the management of collective buildings, given that various unit owners are evading their obligations, including the inadequate maintenance of buildings, resulting in health and safety risks.

The provisions of the bill, among others, include the following:

1. In addition to registered commonhold buildings, the obligation to comply with the provisions of the proposed bill extends to all commonhold buildings that have secured a building and subdivision permit, regardless of the fact that they have not secured a certificate of approval and/or have not been registered in the land registry and, by extension, separate unit titles have not been issued.

1. The Office for Registration of Jointly Owned Buildings and Supervision of the Operation of Management Committees is designated, as well as its responsibilities.

1. Model by-laws shall be established to regulate the management of condominium buildings and shall define the rights and obligations of owners. The model regulations shall be applicable in the event that the relevant Management Committees do not issue regulations under the proposed Act to regulate any matters.

1. Power is granted to the Management Committee to make expenditures reasonably necessary for the maintenance and proper operation of the common areas of the commonly owned building which the owner neglects to pay.

1. Ensures that the Management Committee and/or owners are required to comply with obligations imposed by the proposed law or regulations. Failure to comply is considered an offence and is subject to a fine.

1. Power is granted to the Department to impose an administrative fine in the event it is found that an owner or the Management Committee by act or omission, in connection with a commonly owned building, violates the provisions of this Act.

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