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25th February 2024
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HomeJointly Owned BuildingsNew Jointly-Owned Buildings law approved

New Jointly-Owned Buildings law approved

A new Jointly-Owned Buildings law, which aims to resolve chronic problems of management committees and various other practical problems with the current law, has been approved by the Council of Ministers according to reports in the Greek language media.

Once the precise legal wording of the new law has been prepared it will be placed before a parliamentary plenum for debate and amendment. If all goes well, the bill will be in place by the end of this year.

(It’s anticipated that details of the bill will be published in an announcement by the Ministry of the Interior.)

In a written statement, government representative Konstantinos Letymbiotis, said that:

“The bill aims to resolve the weaknesses and some gaps found in the implementation of the current legislation, including the need to define the rights and obligations of the main units to regulate various issues, but also the weaknesses in the existing management practices of such buildings as and the need to ensure a more effective implementation of management considering that unit owners escape their obligations and many properties are not adequately maintained, resulting in risks for their safety and the safety of third parties.”

Although the contents of the bill have yet to be published, we understand that every jointly-owned building that has been issued with a building and division permit will be required to have a management committee. This will be the case regardless of whether the building has been issued with a certificate of approval, or registered with the land registry, or Title Deeds for the individual units h