Beyond the bill: A guide to your common expenses duties
Owning an apartment in Cyprus comes with responsibilities that extend beyond your private unit. Each building requires regular cleaning, maintenance, repairs, and proper management, and “common expenses” cover these needs. By law, every unit owner is required to pay them, even if the apartment is rented out.
In buildings with multiple units, each owner contributes a proportionate share of the expenses, usually based on the size of their unit relative to the total building area. Common expenses typically cover cleaning and maintenance of shared areas, lift repairs, and necessary repairs. In some buildings, they may also include insurance that protects against risks such as fire or earthquakes, depending on the owners’ decisions. When all owners contribute, the building remains functional, well-maintained, and safe for everyday use.
Building management, whether through a full Management Committee or a single appointed Administrator, ensures that:
Fees are collected on time from all owners.
Legal action is taken against any owner who fails to meet their obligations.
Clearance certificates are issued for property sales, so the Land Registry allows unit transfers.
As a property management company, we assist Management Committees and owners by handling day-to-day operations, coordinating maintenance, collecting common expenses, and ensuring compliance with legal obligations. Our services reduce the administrative burden on owners and committees, helping buildings stay well-maintained, safe, and financially transparent.
Paying common expenses is not only a legal duty but also an investment in your property. A well-maintained building protects property values and ensures a safe, functional, and attractive environment for all residents.
Even if a unit is rented out, the owner remains responsible for the common expenses. When all owners pay their fair share, the building stays functional, property values are preserved, and the community thrives. Partnering with a professional management company ensures these responsibilities are met efficiently, protecting your investment and maintaining a high-quality living environment for everyone.