Managing your own development

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
24/08/2009 23:41

I am interested to find out if there are many people who manage their own developments and what is their experience of doing this.







The butlers wife

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
25/08/2009 09:26

It's a thankless task and the hardest part is getting people to pay their fees.

Dawnie1


Joined: 27/09/2008
Posts: 217

Message Posted:
25/08/2009 09:42

We are self managed. Complex of 21 villas and 2 of the locals that live there run the site, they have set up a bank account with 2 signatures required and we receive accounts at the end of the year. If the pool needs water in the summer, then we phone one of them & they contact the water man who always comes within the hour. We only had 2 villas last year who did not pay, so all in all not too bad and quite happy with the way it is working.

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
25/08/2009 11:04

Hi Dawnie1,



Can you email off board at stephenmeacher@aol.com?





The butlers wife

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
25/08/2009 11:47

HiDawnie1 , pleased everything is going well for you , your hard work appears to be paying off . Take care .

Dawnie1


Joined: 27/09/2008
Posts: 217

Message Posted:
25/08/2009 12:10

Its not my hard work Pipie, its all of us on the site that are working together and lovely TC neighbours.



Butlers Wife have emailed you.

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
25/08/2009 14:40

Hi Dawnie,



Thanks for the information but as the people who are managing your site are locals, it doesn't help me I'm afraid.





The butlers wife

millzer


Joined: 12/04/2007
Posts: 978

Message Posted:
26/08/2009 09:30

Confused Butler, I thought you were happy with your new MC.

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
26/08/2009 09:38

Dawnie1. What happens to the people that don't pay? How do you attempt to recover the money? Do you ban them from using any facilities that are available (if any)? Do all owners 'blank them'?



I'd just be interested to know.

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
26/08/2009 09:51

I think you will find that unless there are covenants in the deeds and a legal management company is set up, payment of fees are voluntary. If the communal areas such as the pool are part owned by each villa owner they might be entitled to swim in "their bit" of the pool.

I could be wrong, but I think the above is there or thereabouts.

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
26/08/2009 09:57

Depends on how the contact was set up in the beginning and also if you agree to sign a contract with current management company .

Dawnie1


Joined: 27/09/2008
Posts: 217

Message Posted:
26/08/2009 10:09

We have not signed any paperwork, but it was staed in all our contracts that there would be an annual manitenance charge.



The 2 that do not pay are the sons of the original owner of the land whose houses were then built by the builder as part of the deal. They do not use the pool and keep themselves to themselves. At this point nothing is done, and as everyone has paid including other locals living there,bar them, then collectively we feel that we have a good result. Whether that is right or wrong is a matter of debate but not one we are taking any further at this time. We are lucky that all the people on the site want the same thing and we are in contact with each other whether we are in the UK or Cyprus.

millzer


Joined: 12/04/2007
Posts: 978

Message Posted:
26/08/2009 10:19

say no more typical message 12! - yes withdrawal of all facilities if you don't pay your way - I love people that don't pay that just expect to rock up and everything be ok for their use or so they can sell their apartment. Get a contract and then follow the procedure.



Mrs Millzer

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
26/08/2009 10:38

Totaly agree if all facilities are in place then all must be expected to pay . Yes , get a contract ensure that in this should be that amenities are maintained for all to use .

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
26/08/2009 10:45

Dawnie .



Well done to all on your site , seems like all is doing well !!!!

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
26/08/2009 10:55

Yes I agree. You seem to have a well run site Dawnie.

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
26/08/2009 13:08

Hi Mrs Millzer,



We are very happy with our new management company FCC and we will employ them for the forseable future. My question was aimed at getting information more for the legal side of managing your own site. if this should happen in the future. For instance if permenant residents on site who were not locals but wanted to run the site . is there anything stopping them from doing so? We have a very strong committee on our site and virtually no none payers.



The butlers wife

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
26/08/2009 14:23

i have an apartment in the uk, even with a legal management company set up, it is still hard to recover funds from non payers. the cost of which would be court action will have to be paid by the management company (those who pay) its a difficult situation.

years ago landlords could repo your property if you didn't pay with the help of the courts ( breach of covenant)but this has changed in the last few years in the uk, the best you would get is a court judgement to make them pay. not much good if the non payer can't pay!

i think mediation is always the best solution, or if you have a legal management company set the rules re non payers so everyone is clear.

tamand


Joined: 23/07/2009
Posts: 240

Message Posted:
26/08/2009 14:31

Hi Butlers wife there is an intresting bit about this on the glenco forum, it seem that it is not as easy as we would imagine to set up, i cant get any info at all at the moment.

my thing from the builders that i had to sign when i got my keys says that i will accept the management company that the builders give us if the fees are reasonably set and i had to sign this before i got my keys but nobody seems to know if this is right or not i have asked one or two but getting different signals

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
26/08/2009 14:48

In the UK if owners to do not pay the charges and there are no reason why the charges are not paid then a solicitor writes to the mortgage company and demands charges from them as they still own the property . obviously anyone who owns there property outright receive the demands , but it has to be pretty clear cut /valid regarding reasons why charges are not paid , i know all of this is fact as we have a relative who is a solicitor and deals with these issues .

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
26/08/2009 19:23

Hi tamand,



I would be interested to read this article on the Glencoe site, could you tell me what heading it comes under please?







The butlers wife

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
26/08/2009 19:29

Just read the posts under TURQUOISE BAY i suggest you read from the beginning in order to get a better insight of everything 17 PAGES but i guarantee good entertainment !!!

millzer


Joined: 12/04/2007
Posts: 978

Message Posted:
26/08/2009 19:30

The butlers wife - the 'simple' answer is yes you can )))))



Mrs Millzer

tamand


Joined: 23/07/2009
Posts: 240

Message Posted:
26/08/2009 19:47

hello the butlers wife

it is under general north cyprus discussion and the heading is running an owners association in TRNC, it is not as pipie says anything to do with turquoise b ay thread

i am relatively new here but pipie what is your problem with turquoise bay ? please

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
26/08/2009 19:59

tamand , this is getting confusing , will E-mail you !!!!

tamand


Joined: 23/07/2009
Posts: 240

Message Posted:
28/08/2009 14:52

thank you pipie got your email and it was a good help to know and get feedback, i emailed you back

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
28/08/2009 15:11

pipie,

i agree with you regarding the mortgage company paying outstanding charges, but i think they only do this once the debtor is declared bancrupt in the courts and they have taken possetion.

thats what happened in the case of the previous owner of our flat anyway.



(p.s i got your email, i will reply when i have more time as i haven't been feeling to well and busy with work.)

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
28/08/2009 20:26

Cheers fire starter !!!!

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
28/08/2009 22:58

Forgot to say that when the Mortgagee pays the outstandng charges they then add this onto the mortgage at an interest rate back to the owner who fails to pay the charges in the beginning . Hope this makes sense !!