Yes. Once a building is declared jointly owned, a Management Committee must be formed to handle the administration of co-owned Building and ensure compliance with the relevant legal and financial obligations.

The Management Committee is elected at the annual general meeting (AGM) of the Unit Owners. All Unit Owners are usually entitled to vote, and voting rights are generally proportional to their share in the co-owned Building.

Quorum shall be met in such cases.

A quorum is met when the minimum number of Unit Owners or Representatives, as defined in the building’s regulations or relevant law, are present or represented at the meeting, which is as per the law majority (50% +1).

No binding decisions can be made without quorum.

If a quorum is not met, the meeting is usually postponed or adjourned. A second meeting may be held usually at the same place and time, the week following, where a lower quorum (or no quorum) shall suffice, depending on the Regulations as to the matter in question at the general meeting.

Typically, any owner of the co-owned Building registered or by virtue of a deposited sales or assignment agreement, is eligible to serve as a Member of the Management Committee, although under certain circumstances residents or external professionals might be voted or appointed in certain roles. Election usually occurs at an annual general meeting (AGM).

If they act within their legal duties and in good faith, Management Committee Members are not personally liable. However, gross negligence or misuse of funds might lead to personal responsibility.

The Management Committee is responsible for, managing and maintaining communal areas (stairs, lifts, roofs, etc.), setting and collecting communal charges (shared expenses), insuring the building against fire and other risks, enforcing the regulations of the co-owned Building and keeping financial and administrative records.

Communal areas include shared areas like hallways, gardens, lifts, roofs, or pools.

The Management Committee has the legal right to pursue unpaid amounts through court. Communal expenses are considered a legal debt, and owners who do not pay the communal expenses corresponding to their unit can face legal action, including interest and enforcement proceedings costs.

They are the formal rules that govern how owners and residents must behave and how the co-owned Buildings shall be managed. They cover things like noise, pets, parking, renovations, and use of communal areas. These rules must comply with applicable laws and often need to be registered with the Land Registry.

The Management Committee can issue notices-warnings, or take legal steps to enforce the content of the Regulations. However, enforcement must follow a fair and legal process.

A Lawyer can assist applying correctly for remedies at the District Court.

An Annual General Meeting (AGM) shall at least be held once every year.

Extraordinary General Meetings (SGMs) can be called upon request of the 25% of the Unit Owners.

The Management Committee is usually able to make day-to-day and operational decisions. However, significant decisions—like amending regulations or altering communal areas—often requires owners approval by vote at a general meeting.