When you buy a house in a building or a residential building, you become part of a owners' community, a key figure in the management and maintenance of common spaces. Understanding how it works is fundamental to avoid doubts and make informed decisions as an owner.
A community of owners is a legal entity formed by all the owners of dwellings, premises or garages within the same building or housing estate. Its main objective is to manage, conserve and administer the common elements, such as stairs, lifts, gardens, swimming pools or garages.
The constitution of the community of owners usually occurs automatically when the first property in the building is sold. From that moment on, it is governed by the Horizontal Property Law and by the community's own statutes, if any.
In this process, Immosol is responsible for setting up the community in their promotions, The new homeowners will be able to enjoy their new home from the very first moment they move in, facilitating all the necessary procedures and reducing the bureaucratic burden for the owners, so that they can focus on enjoying their new home from the very first moment.
What to know about the community
Before buying a property, it is important to know certain aspects related to the community of owners. In the case of new developments such as those of Immosol, As these are newly completed properties, there are no outstanding debts or fees, which provides greater peace of mind from the outset. Even so, it is advisable to find out about the initial state of the community, the services included and the expected expenses, as this will influence your planning as an owner.
It is also advisable to consult the bylaws and internal rules. Some communities establish limitations on the use of common areas, hours of use of facilities or renovations. Having this information beforehand will help you to avoid surprises.
Another key point is the participation quota, which determines the percentage that corresponds to each owner according to their property. This coefficient influences both the distribution of expenses and the weight of your vote in the meetings.
Finally, it should be noted that important decisions are taken at owners' meetings, where issues such as budgets, works or changes to rules are discussed and approved.
In this sense, at Immosol we work with high quality and highly professional estate administrators, who take care of the daily management and all community affairs, guaranteeing an efficient and transparent organisation, meeting our high quality standards.
Your obligations as owner
Being part of a community of owners implies not only rights, but also a series of obligations. The main one is to contribute financially to the common expenses by paying the established fees. These fees cover services such as cleaning, maintenance, lighting and building insurance.
In addition, sometimes contributions may be approved for works or improvements, such as the renovation of façades or the installation of lifts. These contributions are obligatory for all owners, even if they do not agree with the decision, as long as it has been approved in accordance with the law.
Another important obligation is to respect the rules of coexistence. This includes the proper use of common areas, avoiding disturbing noises or activities that may harm other neighbours, and complying with the internal rules of the community.
Owners must also allow access to their home when it is necessary to carry out repairs that affect common elements or other neighbours.
In short, the homeowners' association is an essential element in the life of any homeowner in Spain. Knowing how it works will allow you to enjoy your home with greater peace of mind, knowing that you have the support of professionals who facilitate the management and smooth running of the community.
