Daniel Noboa Reforms the Horizontal Property and Allows to Restrict Areas to Late Co-Owners
3 Articles
3 Articles
President Daniel Noboa signed on Friday, July 31, Executive Decree 462, which amends the General Regulation of the Horizontal Property Law and incorporates new provisions for the management of debts at expense in condominiums, housing estates and other properties subject to this regime.
What to know The late may lose access to swimming pools, gymnasiums and communal halls.The administration must publish monthly the status of payments and the expired portfolio.The right to vote in assemblies will be conditioned on the payment of the expenses.There is a new decree that regulates when a person has not paid the aliquots on a horizontal property. President Daniel Noboa Azín reformed the General Regulation of the Horizontal Property …
Daniel Noboa details in Executive Decree 462 the restrictions for late co-owners at expense in condominiums.
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