A Condominium is a building or group of buildings where the ownership or the use or the enjoyment of the common parts thereof is vested pro indiviso in two or more persons and the ownership of the various separate units in the building or group of buildings is vested pro diviso in the same two or more persons.
The scope introduction of the Condominium Act into Maltese legislation was regulate the way the common parts of a block of apartments is administered.
The act calls for an administration to be appointed by the meeting of the condomini for a period of two years, unless they agree otherwise. The administrator has various duties including:
- to execute the decisions taken by the meeting of the condoimini, including putting in force an insurance against damage
- to ensure the observance of the rules regulating the condominium
- to make sure that whatever is done to the common parts is for the benefit of all the owners
- to apportion expenses, collect the expenses due, render accounts and claim or receive monies
- to perform all acts necessary for the preservation and protection of the common parts
- to ensure that a noticeboard is fixed in a prominent common part so that notices of meetings, decisions etc are affixed thereto
- to sue and be sued since the legal and judicial representation in relation to the common parts vests in him
- to keep a register containing details of the condomini as well as registers containing the minutes of the meetings, a record of the posting of notices sent to the condomini as well as a copy of all notices, decisions etc affixed on the notice board.
The firm has advised and successfully assisted many owners of apartment in regularising their position and setting up and registering a residents association with the Competent Authorities in line with the requirements set out in the Condominium Act
For more information contact us.