I'm looking for information on the level of fees communities are paying to administrators. I'm not looking for details of your individual quota etc. Have a look at your annual accounts/budget - it should be detailed as Administracion.
I have noticed that on some developer controlled developments whereby the administrator has a close relation with the developer the administration fee and all other costs/contracts are astronomical. Usually there is a family relationship!!
I am not looking for anyone to identify their complex etc just general details.
House on a development of 56 houses with communal pool/garden and community pay Administrataion fees of EUR3,500 per annum.
Apartment on development of 60 units with pools, suana, gym, putting green pays EUR6,500 per annum
Apartment on development of 110 units pays EUR20,000 per annum.
The last one is where the developer is the President and the Administrator is tied in with him.
I have also observed where the development is mostly Spanish then costs are reasonable but where the majority are non resident and foreign then the costs are shocking to say the least.
I encourage all to take time to review your budgets and accounts and compare to other similar developments to see if you are being taken for a ride!!
Also attend your AGM or use your proxy wisely!
Thanking you all for your help.