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Community Fees in Spain

Community Fees in Spain
If you purchase an apartment or a property in a community with gardens and pool there will be a community charge. This is usually paid quarterly to the management company of the community. It is a requirement that all communities have a management company and there will be annual meetings with the residents to discuss what improvements, modifications and repairs will be carried out and depending on what is agreed by a majority vote, the communities fees will be calculated to cover any of these costs.

If the block requires no modifications, repairs or work then the community fee is there to pay for cleaning of communal areas, utilities in these areas and maintenance of pool and gardens where applicable.

Often the community fee is set to allow a slush fund for emergencies repairs and it may always remain the same with a good management company carrying out any necessary work from the slush fund.

To ensure the management company are fulfilling their duties, the residents will vote in a representative who is called the president. This is a voluntary role. There may also be a secretary who ensures that funds are allocated correctly.

The management company produce annual accounts that are distributed to all the residents to show that all moneys are allocated correctly. This report will also show debtors- residents who have not paid their community fees.

Testimonials

Bernd and Monika - Liechtenstein,

A heartfelt thanks to the team of the Javea Home Finders. With your help we have found our dream home. It was important for us to have a reliable and trustworthy partner at our side. Some who bought a house in Spain have told us that it is very complicated to purchase a property in Spain. With Javea Home Finders, we have experienced exactly the opposite. From the beginning to the end you have given us a very professional advice and support. We were accompanied everywhere and the whole process was very speditiv and uncomplicated for us. All the things that were to be done, as N.I.E. Number, bank account, evaluation of the building material by third parties, certifications, contracts, going to the notary, contract signing, etc. was very simple and always transparent with you. You are a great team with a lot of experience, honesty and pleasure in the profession.