Legal Publication: Common Parts Management Act
COMMON PARTS MANAGEMENT ACT
(IN FORCE AS OF 1 MAY 2008)
The Common Parts Management Act was promulgated in State Gazette # 6 / 23.01.2009 and entered into force on 1st May 2009.
Some of the important concepts and provisions introduced by the Act are summarized in this legal publication.
The Act regulates:
- Management of common parts in buildings with numerous owners;
- Rights and obligations of the owners and inhabitants of separate objects in these buildings.
Out of the scope of regulation by the Act is the management of common parts in buildings having maximum three separate independent properties belonging to more than one owner. In respect of such buildings the management of the common parts shall be governed by the provisions of the Property Act.
II. TYPES OF MANAGEMENT OF COMMON PARTS
There are two types of management of common parts namely:
- General Meeting of Owners; and
- Association of Owners.
We have set out below some basic information concerning these two types of management.
(A) GENERAL MEETING OF OWNERS
(1) General Meeting of Owners
(i) Right to vote
The Owner’s voting right corresponds to the ideal parts belonging to the Owner in the common parts.