I’m thinking of running for President of our small Community and just want to gather as much information as I can. In member’s experience, and probably aimed more at Community Presidents, what level of annual Fees do Administrators charge for a small Community of 15 properties? Or is it what they can get away with without owners asking too many questions?
Posted: Wed Feb 7, 2024 9:53am
Helpful member
Hi
We are very close to you and recently got a quote from an administrator for 8 properties and it was €762 for the year.
Deirdre
Posted: Wed Feb 7, 2024 10:27am
Super helpful member
Communities cannot set fees that are unsustainably high, as these fees are protected under Spanish law.The Horizontal Property Law (Ley de Propiedad Horizontal) is a law in Spain that governs the ownership, administration, and management of properties that are divided into multiple units or lots. This is according to the Law 49/1960 of July 21.
The following link provides further information:
You might find the contents of these links helpful:
https://mediterraneoglobal.es/en/property-management/role-president-community-property-owners/
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