What rights do you have to be an owner in an owners community?
Buying a home is one of the most important moments in a person’s life since they acquire a real estate in which to develop dreams and illusions on a daily basis, entailing a series of rights and obligations as owners within an owners community according to the Horizontal Property Law. Today we explain the rights of the owners of a community of neighbors that, perhaps, you do not know.
Rights of the owners: rights related to the building in an owners community
The owners of a property count, in the first place and as described in article 3.a. with the unique and exclusive right of ownership of their home, allowing the owner a daily use of the house and, because of this, the right to use and enjoy the common elements and services (common patios and terraces, landings, garages … ).The Horizontal Property Law that regulates the rights of homeowners, also allows the carrying out of works and architectural modifications inside the house, as long as no neighbor is harmed, common elements of the house are not altered. edification. Thus, as a homeowner, we can ask our neighbors to stop the works if they are annoying to the President of the community of owners.
Thus, the community of owners obliges us to give way and the use of our home in case of having to carry out works in the common areas of the building that affect our property, as well as the determination of damages in case of damages for works in common areas affecting our home.
As owners of a community of neighbors, we are obliged to participate in the maintenance fees for the common elements of the building or community of owners, as well as in the economic contribution to the reserve fund for unforeseen incidents in the building.
There are other rights of the owners of a community of owners related to the representative figures of the same, we explain them to you.
The community of owners in detail
The Horizontal Property Law establishes norms in relation to the unipersonal bodies of the community of owners, among which are the President, the Secretary and the Committee. In this way, we can all, as neighbors, be elected by our neighbors as President, Secretary or member of the respective Committee.All the owners of a building can attend, vote or delegate their vote in the Community Meetings and may call extraordinary Meetings, with the due quorum, to deal with urgent matters that cannot wait to be elucidated at the General Meeting of Owners within the Relevant agendas, agreements must be reached by majority and can be challenged if they cause injury in the Community of owners.
In addition, every community of owners has an annual budget where the expenses and income of the group are analyzed, this being approved by the Ordinary Board of Owners and being able to consult with the Administrator of the same.
