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Which party is responsible for maintainence of property, tax payments, utilities etc.
If the right has not been used for several years, can it be revoked

2007-03-16 23:17:17 · 2 answers · asked by Anonymous in Business & Finance Renting & Real Estate

2 answers

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 ...

2007-03-21 21:44:38 · answer #1 · answered by Steve B 7 · 0 0

a million. prevalent options The usufruct is the right of taking section in a issue, the resources of that's vested in yet another human being, and to charm to from this each of the utilities which it may produce, on condition that that's being finished without replacing the substance of the priority. The usufructuary neither can promote the priority nor position a lien upon it. the owner of the priority difficulty to usufruct can't use it. the right of usufruct is extinguished interior right here circumstances: * at the same time as the usufructuary dies or acquires the resources of the priority difficulty to usufruct. * at the same time as the usufruct is repudiated. * at the same time as the priority difficulty to usufruct is lost. * at the same time as the priority isn't used interior 6 years, even if that's a movable outcome, or interior 30 years at the same time as that's an resources. once the right of usufruct finishes, the usufructuary shall go back the priority difficulty to the usufruct to his proprietor. 2. The responsibilities of the usufructuary The responsibilities of the usufructuary are right here: * To make an inventory of the flaws difficulty to the usufruct and value them. ought to he no longer adjust to this duty, he may nicely be forbidden using the priority. * To take care of the flaws difficulty to the usufruct by ability of making certain them from the household projects brought about by ability of loosing or unfavourable them. ought to he no longer adjust to this duty, he may nicely be forbidden using the priority. * Take sturdy care of the flaws difficulty to the usufruct. * to save the priority in restore at his own cost. * To pay all taxes and liens which upward thrust up at the same time as the priority is in his possession, case in point the real resources tax. 3. forms of usufruct There exist 2 forms of usufructs: Voluntary usufruct: The activities agree the usufruct in a written settlement or a will. criminal usufruct: the regulation gives you it. it truly is the case of the usufruct that the surviving companion receives of the resources's distribution. those are in undemanding words prevalent regulations and not in any respect definitive statements of the regulation, all questions about the regulation's applications to human being circumstances will be directed to a Spanish criminal specialist.

2016-12-02 03:17:19 · answer #2 · answered by ? 4 · 0 0

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