25 Jul 2008 10:50 AM:
I don't really know exactly but from what I have gathered, I believe it's the general maintenance contract that they want to pass over to the people who have bought - or an external company to charge the people who have bought.
The problem lies in the fact that so few apartments have sold compared to the number unsold - so any communal fee that would have to be paid by us (owners) to cover a maintenance contract would be over-inflated as it's only 40 apartments on a 120 apartment building.
When I was over last week there was mention of monthly fees up to 100 Euros a month - which is obviously pretty extortionate.
Alternatively, if we only pay a normal amount any maintenance company wouldn't want the contract as they wouldn't be getting enough money to cover costs (hence why Hogur Sur want out).
The building supposedly comes with a 10 year builders warranty - so legally Hogur Sur are bound to repair any building defects and any snagging in individual apartments too.
Which is why I think it's just the cleaning and upkeep maintenance they want to get us to start paying for (as would happen normally after a build - the only hitch here is that Hogur Sur still own most of the apartments).
I could be completely wrong though! But I think this is what it's all about.
This message was last edited by lyndsey on 7/25/2008.
Community thread:
Are my Capital Gains calculations right??!!!
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