Lifts/Elevators

Elevators (Communal Expenses and Non – Payers)

Under The Immovable Property (Tenure, Registration and Valuation) (Amendment) Law of 1993 – 6(1) of 1993, section 38K (hereinafter referred to as “The law”), common expenses should be shared between all owners, hence it is an obligation of every owner to participate in the payment of common expenses.

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Elevators are an integral part of the majority of the apartment complexes in Cyprus, since it is reasonably foreseeable that most of them are occupied by elderly people. Elevators have high maintenance demands, safety issues, and power consumption, hence they will attract some substantial common expenses, which should be jointly paid by all the owners in accordance with The Immovable Property (Tenure, Registration and Valuation) (Amendment) Law of 1993 – 6(1) of 1993.

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