House in Bulgaria

One Response to “Does Anyone Have First Hand Experience Of Usufruct On Property In Spain?”

1. 
   Steve B Says:
   November 7th, 2009 at 4:23 am

   With time-share, typically the Management Company organises maintenance etc and charges the time-share holders an annual fee – often this is hundreds of £££’s and way out of proportion to the actual cost of the actual maintenance ….
   If you own a flat or house outright in a shared apartment block or with shared facilities (pool, garage parking etc), I would expect you & the other owners to form your own Managemnet Company for Maintenance etc.
   So it’s the Managemet Company that is responsible for organising maintenence.
   As far as I am aware, Maintenance Contracts are written / renewed on an annual basis – although I guess it is just possible that a Time Share Company has sold the ‘right’ to rip-off the Time Share owners for Maintenance to some-one else …

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