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musmus


Joined: 04/01/2008
Posts: 3

Message Posted:
04/01/2008 15:12

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Message 1 of 17 in Discussion

Hi i would like to know if anyone who has bought on this site. Please can you tell me if the management fee has been set and what it intails.



kewen


Joined: 03/08/2007
Posts: 59

Message Posted:
04/01/2008 17:46

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Message 2 of 17 in Discussion

Hello,musmus, we have bought on phase 4, and the management fee is 50.00 per month for the communal maintenance charges. We dont have an exact breakdown of what is included.



Tim10


Joined: 01/01/2008
Posts: 114

Message Posted:
05/01/2008 22:28

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Message 3 of 17 in Discussion

Is that amount average in North Cyprus and what does it usually include -- are there often any hidden costs that I should be aware of?



JamesB


Joined: 07/02/2007
Posts: 450

Message Posted:
05/01/2008 23:17

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Message 4 of 17 in Discussion

Musmus as far as I know it no figure has been set in stone was suggested may be as high as 90-100gbp but was only talked about, and was alllowing for a security guard which I think has been scrapped.



kewen


Joined: 03/08/2007
Posts: 59

Message Posted:
06/01/2008 02:15

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Message 5 of 17 in Discussion

In the contract that we have,it actually says that the management fee will be no greater than 50.0 pounds per month.



cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
06/01/2008 16:22

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Message 6 of 17 in Discussion

Hi all,we have been told the the maintenence fee will be no more than 50 a month but is this not different to the management charges?



musmus


Joined: 04/01/2008
Posts: 3

Message Posted:
06/01/2008 19:42

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Message 7 of 17 in Discussion

i am on phase 1 and i also have heard that the security has been scrapped and that there will be gravell poured on some of the areas where we have grass. so this makes me wonder what we are actually paying mantanance fees for.



JamesB


Joined: 07/02/2007
Posts: 450

Message Posted:
06/01/2008 20:42

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Message 8 of 17 in Discussion

Hi Mustafa, which block are you in?



musmus


Joined: 04/01/2008
Posts: 3

Message Posted:
07/01/2008 19:12

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Message 9 of 17 in Discussion

Hi JamesB i am in Phase 1 block B.



JamesB


Joined: 07/02/2007
Posts: 450

Message Posted:
13/01/2008 13:52

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Message 10 of 17 in Discussion

Mustafa, are you in no 3?



cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
16/01/2008 20:47

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Message 11 of 17 in Discussion

Hi to jamesb & musmus, we are buying on phase 2 and just wanted to ask you how things are on phase 1, regarding anything really - electricity & water supply also did you have to get someone in to do a builders clean once your apartment was finished.



Thanks cooper



JamesB


Joined: 07/02/2007
Posts: 450

Message Posted:
16/01/2008 22:08

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Message 12 of 17 in Discussion

Only problems so far is there is no communal lighting anywhere, the stairwells are pitch black, I know of someone that has already fallen. The pool is not full yet, not a big problem at this time of year, but I know of one pool that is knacked because it wasnt filled for a while, due to the pressure of the earth pushing back against the concrete. We shall see if its ok when they fill it. Meps seem to be looking after the grounds ok. We know a few people out there so arranging a builders clean wasn't a problem.

JB



cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
17/01/2008 09:07

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Message 13 of 17 in Discussion

Thanks JB,is there no communal lighting because they have not set a communal charge yet, have you got electricity and water in your apartment & is it a easy process sorting your elec meter out and is it expensive or did kavanlar sort that,Also could you reccomend anyone to do a builders clean.



Thanks cooper



Milou


Joined: 15/10/2007
Posts: 425

Message Posted:
17/01/2008 11:40

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Message 14 of 17 in Discussion

Hi



IIf there are enough of you living there permanently and you're prepared to give of your free time, it might be worthwhile considering settng up your own management company. This is not a residents' association but a registered company which will entail all the normal company legal procedures such as audited accounts, banking etc. The residents will nominate the board who will be resonsible for the running of the complex, ie. employing staff, collection of maintenance etc. Once a year there will be Annnual General Meeting for discussion, ie. allocation of sinking funds for future maintenance, improvements, re-electing board, disputes etc.. Our lawyer told us it would cost 2,000 to set this up. The advantage of this system is:



You control the amount of maintenance fee

You can start a sinking fund for maintenance

You can do future improvements to the complex

The board is living on site

You can organise a separate inhouse company for rentals and charge

You, as a group, have control on standards and wishes for the complex



As, we at Sweetwater Bay intend going down this route, we have started producing draft documents to this end which includes the Memorandum, the residents association list of rules and regulations. I'll be happy to send these draft documents out to anyone who is interested - please email me separately.



Regards



kewen


Joined: 03/08/2007
Posts: 59

Message Posted:
17/01/2008 14:49

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Message 15 of 17 in Discussion

Can anyone tell me What is the difference between management charge and a management fee?

thanks



JamesB


Joined: 07/02/2007
Posts: 450

Message Posted:
17/01/2008 18:46

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Message 16 of 17 in Discussion

same thing, I think, you say tomatoes, I say tomatoes!



kewen


Joined: 03/08/2007
Posts: 59

Message Posted:
17/01/2008 19:05

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Message 17 of 17 in Discussion

Oh, thats ok, starting to think there was going to be two sets of charges on the Kavenkoy site!!



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