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Obligations and functions regarding this important leading member in one of the Assembly’s dependencies. The sections set forth in Law 675 of 2001, on which the entire horizontal property system is based. According to the provisions of Law 675, the assembly is responsible for appointing the fiscal auditor and his alternate, the members of the council and those who will […]
When renting a property, several questions arise about the fee. To answer them, we consulted the lawyer Fabián Zabala, legal advisor for Central de Arrendamientos and this is what he told us: How is the rental value calculated? According to the lawyer, this depends on market conditions. However, if we talk about housing, the law establishes that the fee may not […]
The Federation of Real Estate Exchanges (Fedelonjas) explained that homeowners in Colombia will be able to increase the rental value up to 4.09%, that is, they rise at the same rate as the inflation caused during the previous year as established in Law 820 of 2003. As stated by the president of the entity, Maria Clara Tuque, […]
The resident of an apartment asks: “When a work is scheduled in a condominium complex, is it mandatory that the instalments be defined by the coefficient, or may there be another method of payment, for example, equal instalments for all owners?”. Answer. Law 675 of 2001 establishes that the co-ownership coefficients determine the participation rate with […]