Hi, I own an apartment on a master community made up of Villa, townhouse and apartment communities.
According to our statutes we are all responsible for the maintanence of the resort, all owners are required to pay into a fund as per cuota so there would be enough money to pay for the painting of all the resort properties.
In order to ensure all owners pay into the fund there is a clause in the statutes that states any owner who refuses to pay could be fined a penalty of €1,000 per day from the act of breach untill complete restitution in favour of the community and payable by the owner in breach.
Our villa owning community have always been against a fund being collected for the painting of the resort, for this reason our presidents/commitees (all villa owners) have never started the collection in the hope they could find a way around our statutes.
Our statutes have been in force for more than seven years yet we have been told that the land registry has only now rejected the clause with regard to the €1000 fine.
Is it likely that the land registry would have rejected this clause?