Other Expenses
Common Expenses
These are usually payable monthly or quarterly in advance. They vary from development to development and depend on the area and type of the property. They cover an owner's share of the cost of cleaning and maintaining common areas and gardens, swimming pool expenses, electricity in common areas, management fees, rubbish collection and repairs. The estimated total is in the region of CY£150 - CY£300 per year.
These are usually payable monthly or quarterly in advance. They vary from development to development and depend on the area and type of the property. They cover an owner's share of the cost of cleaning and maintaining common areas and gardens, swimming pool expenses, electricity in common areas, management fees, rubbish collection and repairs. The estimated total is in the region of CY£150 - CY£300 per year.
Electricity And Water Supply & Other Municipal Services
Charges for utilities are payable to the respective authorities at regular intervals throughout the year. They are based strictly on consumption of each unit. While the cost will vary for every unit, approximately CY£180 per unit per year can be considered as a rough guide.
Charges for utilities are payable to the respective authorities at regular intervals throughout the year. They are based strictly on consumption of each unit. While the cost will vary for every unit, approximately CY£180 per unit per year can be considered as a rough guide.
The local municipal or other authorities are responsible for the regular collection of rubbish. Depending on the area of the property the cost is from CY£40-50 per year
Insurance
Comprehensive insurance against fire and associated hazards is usually provided by the seller (although it depends on the agreement of the parties), until the title deeds are transferred to the owners, at a cost of CYP25-100 per year, depending on the value of the insured property. Insurance for the contents of the property is the owner's responsibility, and an approximate cost indication would be CY£2.00 per CY£1,000.00 sum insured per year, with a minimum premium of CY£10.00.
Comprehensive insurance against fire and associated hazards is usually provided by the seller (although it depends on the agreement of the parties), until the title deeds are transferred to the owners, at a cost of CYP25-100 per year, depending on the value of the insured property. Insurance for the contents of the property is the owner's responsibility, and an approximate cost indication would be CY£2.00 per CY£1,000.00 sum insured per year, with a minimum premium of CY£10.00.
Volex