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Alyson
09-27-2007, 08:33 PM
What are the advantages and disadvantages of buying an apartment in a block with a Community of Owners?
I am in the process of buying one in Torreviega and the President lives in the apartment next door to the one I'm buying.
There is a large communal swimming pool with gardens around it. There's also a large terrace shared by the flat I'm buying and 3 other flats' owners - a continuation of the flat's own wee terrace.
Please excuse my ignorance :oops:

Expert advisor
10-23-2007, 07:34 AM
A community of owners exists from the moment there is a communal element between two owners or more. However when the house is part of a block with several storeys or premises it is convenient to be subject to the Horizontal Property Law which is the act that governs the relation between the owners of the same community which has to be set up.

The disadvantages are that you have to share communal areas with the other residents and also there are noises and nuisances that you would not have in a detached property.

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