News: Residential communities on the Costa Blanca in Spain
Written by Inmo Investments - 6 Jun 2017
The role of the community administrator in Spain
and community costs, fees, and charges
Have you ever wondered what a residential community in Spain actually is? Do you know what the community administrator does? And do you know why community fees in Spain have to be paid?
In Spain properties that share central facilities, like a swimming pool, are usually arranged in residential communities. The communities are customarily established by the property developer responsible for the contruction of the properties on the community.
The community is managed by the community administrator - a legal entity, usually a business specialising in the administration of residential communities in Spain, responsible for the maintenance, upkeep, and everyday security of the community.
They will arrange for the community swimming pool to be cleaned and maintained in good working order, for the communal gardens to be tended to, and for community owned fixtures and fittings to be serviced, decorated, repaired or replaced. They appoint local contractors to carry out work required within the community.
A community administrator might also arrange for shared bills to be paid automatically, for instance to cover the cost of running a communal swimming pool, to ensure that the community areas are adequately insured against risk, or perhaps for electricity charges associated with automatic security gates or lighting community areas.
The administrator will set up the community and manage it as a limited company, collect the community charges required to pay for the shared costs of the community from residents within the community, and arrange for payments to be made from the centralised funds.
Each year the administrator invites all Spanish community residents to an Annual General Meeting. Property owners are invited to inspect the annual accounts, raise grievances, or make suggestions for expenditure in the year to come.
Owning a property that is part of a residential community in Spain can be beneficial in many ways, particularly when it comes to finance.
The communal swimming pool often provides a much larger pool at a fraction of the cost of running a private pool, and sharing the cost of repairs and servicing between other property owners can significantly reduce the long term cost of ownership of a property in Spain.
Communities tend to be focused on security and providing a safe and family-friendly environment for all, and secure gated communities that restrict entry to key holding residents are very popular today.
Community properties in attractive locations often offer great investment potential for their effortless rentability, and can be locked up and left for long periods safe in the knowledge that the property is secure.
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Spain - Costa Blanca South - Los Balcones1.250.000€
Simply stunning detached villa for sale at Los Balcones. The impressive villa offers 290m² of living space on a private 2500m² plot. The villa boasts 4 bedrooms, 3 bathrooms, spacious lounge, dining/reception room, sizeable fully fitted kitchen, and garage with store room. Impressive plot offers manicured gardens, numerous terraces, onsite parking and private swimming pool. Sold part furnished with many extras including white goods, air conditioning, BBQ, security shutters and grilles....290 2.500 4 3
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Ground floor bungalow style apartment for sale situated on the popular Residencial Las Ocas complex at Lomas de Don Juan . The property offers 2 double bedrooms, full bathroom, spacious lounge/dining room, separate kitchen with storage area and ample glazed terrace for winter sun. Outside space offers, low maintenance garden and terrace with outside storage. Sold partly furnished with extras ceiling fans, white goods, fireplace, security shutters and grilles. Quiet location at Lomas de...57 39 2 1
Villa - Resale - Montebello
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Detached villa for sale at the quiet urbanisation of Montebello, Algorfa . The spacious property offers 3 bedrooms with fitted wardrobes (2 upstairs, 1 downstairs), the master bedroom with Juliette balcony, 2 bathrooms, lounge with gas fireplace, separate dining area and modernise open plan fully fitted kitchen with utility room plus glazed front porch/terrace. Outside space offers ample upper sun terrace, and low maintenance, wrap around garden with onsite parking. Sold part furnished...108 189 3 2
Apartment - New build - Benidorm
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Stunning new complex of modern new build apartments only 180m to the beach in Benidorm , provide 2 or 3 bedroom models and 2 bathrooms. All properties are South facing and consist an open plan living/dining area with contemporary kitchen. Outside space boasts a large balcony terrace perfect for al fresco dining and enjoying the all year round sun. Communal areas include many services onsite such as a tennis court, padel court, several swimming pools for both adults and children, jacuzzis,...91 2 2
Villa - Resale - El Galan
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This stunning villa for sale sits nicely on a very large corner plot of land at El Galan a quiet suburb of Villamartin . The property has room for a private pool, with lots of outside space to enjoy both daytime and evening sun. This super property has been well maintained and looked after.On entrance to this fantastic property, you are greeted with a reception room leading into the 3rd bedroom, which is currently used as an office by the current owners. The living room is bright...500 3 2